Reaction of American indexes on Biden’s inauguration

22.01.2021

US stock indexes closed at record levels.

Traders reacted on the inauguration of the new US President Biden. The Dow rose 0.83 percent to 31,188.38 points, while the S&P 500 general market index rose 1.39 percent to 3851.85 points. The NASDAQ high-tech index rose 1.97 percent to 13457.25 points.

On January 15, Biden released his $1.9 trillion American bailout plan. Among other things, $160 billion should be allocated for a national vaccination program, expanding testing, mobilizing a public health employment program and other necessary steps to build capacity to fight the virus, according to the Biden’s idea.