US stocks rise in early trading ahead of Biden's inauguration.

The main US stock indices opened higher on Tuesday, as the market await President-elect Joe Biden's inauguration.

The US Treasury Secretary nominee Janet Yellen will testify before the US Congress on the global economic and political situation, and ways to support the US economy and help it recover from the pandemic's impact.

This comes amid concerns about the coronavirus impact on the US economy, especially after failing to contain the outbreak so far.

President-elect Joe Biden will be inaugurated tomorrow for a period of 4 years to succeed Donald Trump, while the latter didn't concede the election results.

As for stocks, Dow Jones rose 0.5% or 160 points to 30,970 as of 14:37 GMT, Nasdaq rose 0.8% or 109 points to 13,107, and S&P 500 rose 0.6% or 22 points to 3,790.