Wall Street marked the dawn of President Joe Biden’s administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling… Money News Summaries.
(Newser) – Wall Street marked the dawn of President Joe Biden’s administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling US economy. The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The Dow Jones Industrial Average, Nasdaq composite, and Russell 2000 index of smaller companies also notched record highs, powered by gains in technology, communications, health care, and most other sectors, the AP reports.
