Market Pulse
Dow kicks off trade 200 points higher Tuesday as investors focus on Biden inauguration, Yellen confirmation hearing
U.S. stock benchmarks Tuesday morning rose on the first trading day after a holiday-shortened week, a day ahead of the inauguration of President-elect Joe Biden and as fourth-quarter earnings season kicks into higher gear. Investors are awaiting testimony from Janet Yellen, the former Fed chair nominated by Biden to head the Treasury, who is scheduled to testify at her confirmation hearing speak before the Senate Finance Committee at 10 a.m. Eastern, while market participants also are parsing quarterly results from Goldman Sachs Group (GS) and Bank of America (BAC) among others. The Dow Jones Industrial Average rose 213 points, or 0.7%, at 31,030, the S&P 500 index climbed 0.7% to 3,796, while the Nasdaq Composite Index climbed 1% at 13,127.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 19, 2021 09:33 ET (14:33 GMT)
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