US: Stocks gain ahead of Biden inauguration

[NEW YORK] The Nasdaq led US stocks higher early Wednesday ahead of the inauguration of President-elect Joe Biden amid hopes for more stimulus spending and an improved rollout of coronavirus vaccines.

The broad-based S&P 500 has risen about nine per cent since Mr Biden was declared the winner of the November election, which came just ahead of regulatory approvals of the first Covid-19 vaccines. Mr Biden is expected to emphasise the need for national unity after the contentious presidency of Donald Trump.

About 20 minutes into trading, the Dow Jones Industrial Average was up 0.3 per cent at 31,035.21, while the S&P 500 gained 0.7 per cent to 3,826.46.Stay updated with

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets set for messy open after US stocks peak following Biden inaugurationAsian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Stocks rise as weak jobs data seen boosting Biden plan[NEW YORK] Wall Street stocks added to records early Friday on expectations that a lackluster US jobs report bolstered the odds of passage of President Joe Biden's economic relief package. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks gain, US short-dated debts under pressure after bumper US jobs dataGlobal stock prices rose to a 1 1/2-month high on Monday after data showing a surge in U.S. employment while short-dated U.S. bonds came under ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »