Wall Street hits records as Biden takes office - Wednesday Review, January 20

By: Miguel A. Rodriguez

11:56, 21 January 2021

Biden’s inauguration and corporate earnings were in focus

The US

Biden taking helm was what the markets needed to close at new record highs, amid growing optimism of a further stimulus package.

USA30 reached a new record high after it rose 0.83%. TECH100 followed suit, gaining 1.97% and closing at an all-time high. USA500 was up 1.36%.

Crude oil traded 0.6% higher at $53.30 per barrel.

Gold closed the session at $1,866.50 per ounce after it settled up 1.4%.


Asia and Australia

The stocks closed mostly higher, waiting for more significant US stimulus measures one Biden is sworn in.

HongKong45 gained 0.38%.

Japan225 fell 0.51% ahead of the Bank of Japan's policy decision.

Down under, Australia200 rose 0.56%.



Markets have chosen to focus on corporate earnings instead of Germany's tighter restrictions to curb the new strain of COVID-19. Germany30 and France40 each went up 0.6%. UK100 climbed 0.2%.

Brent oil rose 0.8%, trading at $56.34 per barrel.

EUR/USD closed at 1.2132.

Sources: investing.com

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.