07:18
+17 C°
Traffic jam:   0
$
71.6797
87.3274

U.S. stock markets end at record highs after Biden's inauguration

21 January 2021
1826
2 min.
13
U.S. stock markets end at record highs after Biden's inauguration

U.S. stock indicators

US stock indices ended Wednesday's trading at record highs following the inauguration of US President-elect Joe Biden, who became the country's 46th president.

The Dow Jones Industrial Average index rose 257.86 points (0.83 per cent) to 31188.38 points. The Standard Poor's 500 rose 52.94 points (1.39%) to 3,851.85 points. The Nasdaq Composite added 260.07 points (1.97%) to 13457.25 points.

On Wednesday, technology companies grew steadily.

Netflix Inc (NASDAQ:NFLX). rose 16.9% to a record high. The world's largest subscription video streaming service slashed net income by 7.6% in Q4, but boosted revenue by more than 21%.

Shares of Apple Inc. (NASDAQ:AAPL) rose 3.3%, Amazon.com Inc (NASDAQ:AMZN). up 4.6%, Facebook Inc (NASDAQ:FB). up 2.4%, Alphabet (NASDAQ:GOOGL) Inc. up 5.4%.

UnitedHealth Group (NYSE:UNH) Inc. was down 0.5%, although the largest U.S. health insurance company recorded a smaller-than-expected drop in Q4 2020 earnings and revenue rose stronger than forecast.

The capitalisation of Procter Gamble Co (NYSE:PG). (P&G) declined 1.3% despite the world's largest consumer products maker increasing net income and revenue in Q2 FY2021 thanks to strong demand for the company's products during the COVID-19 pandemic.

Tyson Foods Inc (NYSE:TSN). shares rose 3.68%. the food maker will pay $221.5 million to settle claims in a case against US chicken producers accused of conspiring to inflate prices.

Morgan Stanley (NYSE:MS) shares lost 0.2%, although one of the largest US banks increased net income and revenue in Q4 2020, both beating analysts expectations.

Shares of eBay Inc (NASDAQ:EBAY). fell 1.4%. The world's largest online auction house said it is considering selling a unit in South Korea.

Investors hope the new administration will focus on implementing measures to stimulate the pandemic-hit economy.

Persons1 and Companies12 in the news

46th President of the United States
1 place
Nasdaq
1 place
Dow Jones
2 place
eBay
3 place
Netflix
4 place
Facebook
7 place
Apple
9 place
Amazon
10 place
Morgan Stanley
11 place
Tyson Foods
12 place
Section:

Discussion

Rating companies
Tesla
68 Mention
Apple
66 Mention
Nasdaq
64 Mention
Amazon
55 Mention
Dow Jones
51 Mention
Facebook
50 Mention
Microsoft
35 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director