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Asian stocks at record highs as Biden inauguration lifts stimulus hopes By Reuters Investing.comHow the stock market has changed since Biden got elected QuartzThe market is pricing in more stimulus is inevitable: Analyst Yahoo FinanceFive Drivers of Markets in a Biden Administration BloombergChinese stock markets climb above 1% following US market surge upon Biden entering office Global TimesView Full Coverage on Google News
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U.S. equities rose to record highs on Wednesday as the latest batch of strong corporate earnings rolled in.
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The Dow, S&P 500 and Nasdaq all hit new records as markets closed on Wednesday. Former President Donald Trump frequently cited stock market gains as a personal accomplishment.
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 U.S. stocks finish at record highs as Biden begins presidency with vow of unity
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 The U.S. stock market finished at all-time highs on the Inauguration Day of Joe Biden, who takes the reins of presidency from Donald Trump after a tumultuous four-year term capped by the onset of a economically debillitating pandemic. Biden is expected to spend briskly to help the economy rebound as deaths from the COVID-19 pandemic eclipsed 400,000 a day ago, with the spread accelerating amid an attempt at distributing effective vaccines for the contagion. Biden has proposed that he will spend $1.9 trillion, an ambitious amount that is likely to be watered down by GOP, to help revive businesses that have suffered under lockdowns to limit the spread of the virus. Hope that the economy will stabilize at least in the second half of 2021 has helped to propel markets higher as Biden takes office. The Dow Jones Industrial Average gained nearly 260 points, or 0.8%, to end at a record high at 31,188, on a preliminary basis. The S&P 500 index finished up 1.4% also closing at an all-time peak at 3,851, finally breaking above a level at 3,800 that has long been viewed as resistance for the broad-market index. The Nasdaq Composite Index finished the session up 2% higher at 13,457. The day's gains for the three major benchmarks were the best on Inauguration Day since 1985, according to Dow Jones Market Data. In corporate news, Netflix Inc. let gainers up about 17% after the video-streaming service showed better-than-expected subcriber growth late Tuesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Wall Street hits all-time high, Biden breaks Hoover's record for stock gains New York Post Dow, S&P, Nasdaq close at records as Biden sworn in as 46th U.S. President Fox BusinessWall Street hits records as hopes build for more stimulus Los Angeles TimesFive Drivers of Markets in a Biden Administration Bloomberg
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Stocks opened higher Wednesday, ahead of the inauguration of President-elect Joe Biden at noon Eastern, as investors remained optimistic over prospects for a round of aggressive fiscal spending to help the economy recover from the COVID-19 pandemic. The Dow Jones Industrial Average as up 100 points, or 0.3%, at 310,031, while the S&P 500 gained around 0.6% to trade at 3,822. The Nasdaq Composite hit an intraday record and remained up 1% at 13,333. Shares of Netflix Inc. jumped more than 12% after the video-streaming giant late Tuesday reported blowout fourth-quarter subscriber figures.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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