Stock Market Today: Wall Street Welcomes Biden With Resounding Rally

The major indices finished at record highs Wednesday as investors digested the new president's inauguration message and hopes for his stimulus plan.

President Joe Biden is sworn into office on Jan. 20, 2021
(Image credit: Getty Images)

Joe Biden was sworn in as the 46th president of the United States on Wednesday in a smaller, sparser inauguration ceremony than in years past, but one that was no less cheered by investors, who drove the blue-chip indices to fresh highs.

Biden's message was a welcome one, touting unity as a solution to the hurdles facing America:

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Kyle Woodley was long AMZN and Bitcoin as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.