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Wall Street hits records as Biden takes office - Wednesday Review, January 20

Wall Street hits records as Biden takes office - Wednesday Review, January 20

Biden’s inauguration and corporate earnings were in focus

The US

Biden taking helm was what the markets needed to close at new record highs, amid growing optimism of a further stimulus package.

USA30 reached a new record high after it rose 0.83%. TECH100 followed suit, gaining 1.97% and closing at an all-time high. USA500 was up 1.36%.

Crude oil traded 0.6% higher at $53.30 per barrel.

Gold closed the session at $1,866.50 per ounce after it settled up 1.4%.

Asia and Australia

The stocks closed mostly higher, waiting for more significant US stimulus measures one Biden is sworn in.

HongKong45 gained 0.38%.

Japan225 fell 0.51% ahead of the Bank of Japan's policy decision.

Down under, Australia200 rose 0.56%.


Markets have chosen to focus on corporate earnings instead of Germany's tighter restrictions to curb the new strain of COVID-19. Germany30 and France40 each went up 0.6%. UK100 climbed 0.2%.

Brent oil rose 0.8%, trading at $56.34 per barrel.

EUR/USD closed at 1.2132.


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