US stocks close at record highs after Joe Biden becomes 46th President of the United States
stocksclosed at record highs on Wednesday after Joe Biden was sworn in as the 46th President of the United States.
- Tech stocks led the market higher following a stronger than expected earnings report from Netflix.
- Sign up here for our daily newsletter 10 Things Before the Opening Bell.
US stocks closed at record highs on Wednesday following the inauguration of Joe Biden as the 46th President of the United States.
- S&P 500: 3,851.85, up 1.39%
- Dow Jones industrial average: 31,188.38, up 0.83% (257.86 points)
- Nasdaq composite: 13,457.25, up 1.97%
Read more: The head of active equity at Wells Fargo's $607 billion asset-management arm shares how she worked her way up from the call center 29 years ago - and pinpoints 3 trends transforming the investment landscape todayThe enthusiasm for tech shares on Wednesday also helped fuel a 6% surge in Alphabet to record all-time-highs.
Morgan Stanley reported fourth-quarter earnings that beat analysts' expectations, driven by the firm's
Famed short-seller Jim Chanos said he transitioned his short exposure in Tesla to put options from shares, which will limit his downside potential.Gold rose as much as 1.57%, to $1,869.10 per ounce.
- The decision not to have a kid is personal — but the social pressure against the choice is all-pervasive
- K'taka budget will focus on welfare of women & their development: CM
- Global consumer spending on apps to reach $270 billion annually by 2025
- Farmers announce series of Mahapanchayats in March
- Huawei aims to make electric cars later this year