Wall Street hits all-time high, Biden breaks record for stock gains

[swing_voter]

US stocks closed at record highs Wednesday as Joe Biden was sworn in as the 46th president — with the new commander-in-chief setting a record for stock gains between his election and his inauguration.

The benchmark S&P 500 index rallied 1.4 percent to a record close of 3,851.85, finishing 14 percent higher on Inauguration Day than it was on Election Day. That streak broke a record set by President Hoover in 1928 when the S&P rallied 13.3 percent during the same interval, according to MarketWatch.

Biden will waste little time turning the page on the Trump era, aides said, signing 15 executive actions in the afternoon on issues ranging from the COVID-19 pandemic to the economy to climate. He’s also set to push a $1.9 trillion stimulus plan through a Democrat-controlled Congress.

Stocks hit all-time high, Biden breaks Hoover's record for gains (nypost.com)


I thought the markets had a negative reaction to democratic president?

What's going on?



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[noonereal]

One day on the job and already the market is hitting new highs!

 

[beancounter]

Obviously, it's deep state trickery!

 

[Linuxcooldude]

Typically the stock market doesn't like it when a single party controls the executive branch, the House & Senate. Lets see how long it lasts once more restrictions and raised corporate tax do to the stock market.