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Stock Market Today: Stocks Jump Ahead of Trump Inauguration

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  • 🞛 This publication is a summary or evaluation of another publication
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Stocks closed out the week with a bang as Treasury yields retreated from recent highs. Optimism is swirling ahead of President-elect Donald Trump's inauguration on Monday, which also happens to be a stock market holiday. Indeed, both the equities and bond markets will be closed in observance of Martin Luther King Jr. Day.
The article from Kiplinger discusses the stock market's performance on January 19, 2021, just before the inauguration of President Joe Biden. Stocks ended the day with gains, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all closing higher. Investors were reacting to several factors including the anticipation of Biden's economic policies, the ongoing distribution of the COVID-19 vaccine, and the potential for further economic stimulus. The market was also influenced by positive news on the vaccine front, with companies like Johnson & Johnson reporting progress. Additionally, there was a sense of relief as the political uncertainty around the election and the Capitol riot seemed to be subsiding, although concerns about inflation and the Federal Reserve's response to economic conditions remained. The article also touches on sector-specific news, like the energy sector's performance due to rising oil prices and tech stocks continuing to be a market favorite.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-jump-ahead-of-trump-inauguration ]