US stocks were poised to close Wednesday at record highs as Joe Biden was inaugurated as the 46th President of the United States, driving investor optimism for a speedy economic revival plan, with Netflix (NFLX) also lifting tech stocks higher.
The Dow Jones Industrial Average rose 0.9% to 31,216.62, the S&P 500 added 1.5% to 3,854.77 and the Nasdaq Composite gained or 2% to 13,462.60. At current levels, all three indexes have surpassed record closing levels struck earlier this month.