US equities soared on Tuesday on the heels of President-elect Joe Biden's victory.<br />The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition.<br />According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race.<br />The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome.<br />The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
