Wall Street ends in green on the day of the inauguration of the new US president

The Wall Street earnings trend continues on the day of the inauguration of new US President Joe Biden.

25% Crash on Wall Street

The New York Stock Exchanges continue, for the second consecutive day, to react well to the takeover of Joe Biden, with the North American market seeing the new Democratic president of the United States as a sign of more economic stimulus, boosting the main stock market indices of Wall Street.

The earnings trend 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 presented the $ 1,9 billion economic stimulus plan.

The Dow Jones industrial index rose 0,83% to 31.188,38 points. The S&P 500 gained 1,36% to 3.850,39 points. The technological Nasdaq also ended in positive territory, rising 1,97% to 13.457,25 points.

The price of a barrel of oil is rising on both sides of the Atlantic. In New York, WTI rises 0,47% to $ 53,23 a barrel, while Brent is up 0,09% to $ 55,95 in London.

In the foreign exchange market, the euro depreciated 0,17% against the US dollar, to 1,2107 dollars. The pound sterling appreciated 0,22% against the United States currency, to $ 1,3657.


Warren Buffett's Berkshire Hathaway net profit fell 48% in 2020

“Last year, we demonstrated our enthusiasm for Berkshire's assets by repurchasing the equivalent of 80.998“ A ”shares, spending $ 24,7 billion in the process. This measure increased your position in all Berkshire businesses by 5,2% without requiring you to touch your portfolio, ”wrote the 'Omaha oracle' in the annual letter sent to shareholders.

PremiumLagarde and Powell allow for spot inflation

Monetary authorities intend to continue with their accommodative policy despite “one-off” rises in post-pandemic inflation.

Nasdaq was the only one to 'green' at the close of the session on Wall Street

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.