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Stock Market Today: Dow, S&P 500, Nasdaq on pace for weekly gains ahead of Trump inauguration

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  • 🞛 This publication is a summary or evaluation of another publication
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The U.S. stock market will be closed on Monday in observance of Martin Luther King Jr. Day, so equity traders won't be able to immediately react to what President-elect Donald Trump says in his inaugural address. The bond market will also be closed.
The article from MarketWatch, published on January 19, 2021, discusses the U.S. stock market's performance on the last trading day before President-elect Joe Biden's inauguration. The Dow Jones Industrial Average and the S&P 500 were set to open higher, reflecting a positive market sentiment. Key points include the anticipation around Biden's economic policies, the ongoing effects of the global health crisis, and the recent political events like the Capitol riot. Investors were also digesting the latest corporate earnings, with companies like Netflix reporting strong subscriber growth. Additionally, there was a focus on sectors expected to benefit from Biden's proposed infrastructure and green energy initiatives. The market was also reacting to the Federal Reserve's stance on maintaining low interest rates to support economic recovery.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-500-set-for-higher-open-in-last-trading-day-before-trump-takes-office ]