Wall Street hits records as hopes build for more stimulus
(WorldNews Business)

Wall Street marked the dawn of President Joe Biden`s administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling U.S. economy. The S&P 500 rose 1.4 percent, topping its previous all-time high set earlier this month. The Dow Jones Industrial Average, Nasdaq composite and Russell 2000 index of smaller companies also notched record highs, powered by gains in technology, communications, health care and most other sectors. Biden, now the nation`s 46th president, has a flurry of executive actions at the ready. He has also pitched a plan to pump $1.9 trillion more into the struggling economy, hoping to act...