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At the close, the Dow Jones index gained more than 250 points and rose 0.83 percent to 31,188.38 points.

The S&P 500 index increased by 1.36 percent to 3,850.39 points, and the Nasdaq index rose by 1.97 percent to 13,457.25 points.

The indices that started the day with a rise, reached record levels after Biden took an oath.

BODEN BECOMES 46th PRESIDENT OF THE USA

Joe Biden, who won the US elections on November 3, 2020, was sworn in at the US Congress and became the 46th president of the country.

In his first speech after the inauguration ceremony, Biden gave the message that they can only overcome the difficulties faced by his country as “unity”.

Drawing attention to the Kovid-19 epidemic in his speech, Biden said, “Maybe we are entering the most difficult and deadly period of the virus. Now we should put aside politics and face this epidemic reality.” said.

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BIDEN’S SUPPORT PACK

The start of Biden’s presidency also increased the expectations for the stimulus package in the markets.

US President Biden proposed a $ 1.9 trillion support package last week to combat the Kovid-19 outbreak and economic crisis.

In his speech at the Senate’s Finance Committee yesterday, Janet Yellen, who is expected to be the US Treasury Secretary, stated that if no further measures are taken against the economic effects of the epidemic, there is a long and painful recession risk, and signaled that she will work for the second support package over time.

In addition to Biden’s appointment, fourth-quarter balance sheets of companies in the US also supported the positive course in the markets.

NETFLİX’S SHARES GAINED VALUE

Netflix’s revenue in the fourth quarter of last year reached $ 6.64 billion, an increase of 21.5 percent compared to the same period of the previous year. Netflix’s number of subscribers increased to 203.7 million in 2020. After the company’s better-than-expected balance sheet, its shares gained nearly 17 percent.

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Netflix’s number of subscribers exceeded 200 million

The net profit of Morgan Stanley, one of the US investment banks, in the last quarter of last year increased by 51 percent compared to the same period of 2019 and reached 3.39 billion dollars.

Source: AA

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