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Stock Markets Open Setting Fresh Records on Inauguration Day

The Biden Administration begins today. Markets opened to new records for the inauguration ceremony.

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This article was originally published by Admiral Markets.

European stock markets have seen moderate increases since early in the morning while all eyes are on Washington DC, where, in a few hours, Joe Biden will be sworn in as President of the United States. Markets are eagerly awaiting Biden's arrival at the White House, so that he can kick off the $1.9 trillion economic stimulus plan announced last week. Yesterday, Treasury Secretary candidate Janet Yellen stressed the need to put these measures in place in order to avoid a prolonged recession, urging lawmakers to do their best to reduce the impact of the Covid-19 pandemic. In the economy. Wall Street futures are also moving higher. On the Nasdaq, the rise could be more pronounced at the opening thanks to Netflix, which climbs more than 13% in the pre-opening of the market after having announced that in 2020 it gained 48% more subscribers than in 2019, and revenue has exceeded 200 million euros. Historically, Wall Street indices have risen during the election period of the US up to the day of the oath of office, as MarketWatch highlights with FactSet data. So far, the steepest rises have occurred with the election of Republican Herbert Hoover, with the S&P 500 rebounding more than 13% from the election to his inauguration. Biden is currently placed in second place, since from November 3 to yesterday, the S&P 500 rose 12.76%. Source: Admiral Markets MetaTrader 5. SP500 daily chart. Data range: from September 20, 2016 to January 20, 2021. Prepared on January 20, 2021 at 12 noon CET. Keep in mind that past returns do not guarantee future returns. On the S&P 500 chart, we can clearly see the rise in the index since the date of the US elections (blue line) and the day of the oath, a period marked with an orange rectangle. With an Admiral Markets Trade.MT5 account, you can trade Contracts for Difference (CFDs) on Tesla and over 3,000 stocks! CFDs allow traders to try to profit from both bull and bear markets, as well as profit from the use of leverage. Click on the following banner to open an account today: Trade Forex & CFDs INFORMATION ON ANALYTICAL MATERIALS: The data provided provides additional information on all analyzes, estimates, forecasts, forecasts, market reviews, weekly outlooks or other evaluations or similar information (hereinafter "Analysis") published on the Admiral Markets website. Before making any investment decisions, pay close attention to the following:
  1. This is a marketing communication. The content is posted for informational purposes only and should not be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on pre-dissemination of investment research.
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  4. The analysis is prepared by an independent analyst, Carolina Caro, SEO implementer (hereinafter "Author") based on personal estimates.
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