Wall Street opens high on Biden's inauguration day

Higher than expected banking results and a sign that Joe Biden will stimulate the US economy is animating the New York Stock Exchange.

The New York Stock Exchange started this Wednesday's session on the green, just hours before Joe Biden took office as the 46th president of the United States. The market sees the new Democratic president as a sign of clear economic stimulus, thus boosting the main stock market indices.

Industrial Dow Jones rises 0,4% to 31.055,79 points; the S&P 500 advanced 0,66%, to 3.824,14 points; and the technological Nasdaq increased by 1,29%, to 13.367,12 points.

The earnings trend on Wall Street continues after, the day before, the next US Treasury Secretary of State and former Federal Reserve President, Janet Yellen, said, before the Senate, that now is the time to stimulate the economy , following Joe Biden's $ 1,9 billion economic stimulus plan.

The results of the main North American banks in the last quarter of 2020, above the expected, are also driving the market.

In companies, the highlight is the firing of Netflix, which about 14,90%, for more than 576 dollars. Boeing's shares are also highlighted after the investment bank Berenberg raised the recommendation to "sell" (sell) to "hold" (hold). The airline's bonds are up 2% to $ 215.

In raw materials, oil remains on the rise. In London, the Brent barrel rises 1,14%, to $ 53,66 and, in New York, WTI gains 1,28%, to $ 53,66.

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Amazon, Apple, Microsoft and Alphabet closed with gains. The shares of Beyond Meat - the brand that revolutionized the industry by creating meat-flavored vegan foods - rose 1,30% to $ 145,62, after announcing an agreement with McDonald's and Yum! Brands.