US stocks close at record highs after Biden’s inauguration

US stock indices closed higher on Wednesday, and hit new record highs after the inauguration of President Joe Biden.

President Biden stated during his inauguration speech that the American people must unite and overcome differences and divisions.

Former US President Donald Trump gave a farewell speech upon leaving the White House and wished Biden's administration success and safety and stability for the country.

To the oil market, WTI crude February futures rose 0.5% or 26 cents, and closed at $53.24 a barrel, after hitting a day high of $53.7 and a low of $53.06.

Brent March futures rose 0.3% or 18 cents, and closed at $56.08 a barrel, after hitting a high of $56.6 and a low of $55.9.

As for stocks, Dow Jones rose 0.8% or 257 points, and closed at 31,188 points, with a day high of 31,235 and a low of 30,997 points.

Nasdaq rose 2% or 260 points to 13,457, after hitting a day high of 13,486 and a low of 13,329 points.

S&P 500 rose 1.4% or 53 points to 3,851 points, after hitting a day high of 3,859 and a low of 3,816 points.