Wall Street seemed to encourage a change of leadership in the White House, producing one of its best returns in nearly four decades on the day of the inauguration of a new president.
Read: Stock market performance under Trump only tracks Obama and Clinton
The Dow Jones Industrial Average DJIA,
and the S&P 500 SPX index,
on Wednesday it rose 0.8% and 1.5%, respectively, to make its best earnings on the opening day since Ronald Reagan was sworn in in his second term in 1985, according to Dow Jones Market Data.
Dow Jones Market Data
The 2% increase in the Nasdaq Composite Index was the best concentration on the day of the registered opening.
Dow Jones Market Data
In addition to the significant gains, the main benchmarks closed at historic highs.
Biden takes the reins as the nation continues to take root in the COVID-19 pandemic and continues to be shaken by deep divisions in American politics, perhaps best highlighted by the violent Capitol storm two weeks ago by Trump supporters, who resulted in the death of at least five people.
See: “Account” in advance? Why do investors continue to ignore US policy in emerging markets?
Biden emphasized the unity and recovery of the epidemic in his inaugural speech, with the 46th president proposing a $ 1.9 trillion coronavirus relief package that is likely to face challenges from Republican rivals reluctant to mark major national deficits even to limit the depth of virus-induced virus. economic recession.
Still, many investors see opportunities to make new gains in the market if vaccines help generate a good pandemic rebound sometime in the second half of 2021.