Wall Street advances as Trump gets sworn in

Economies.com
2017-01-20 15:35PM UTC

U.S. stock indices rose on Friday as Donald Trump gets sworn in to the presidency, brightening the economic outlook, as markets look for any clues about his upcoming stimulus plans for the economy, or his corporate tax cuts.
 
Today's session was emptied from any U.S. data, forcing the greenback to waver against a basket of currencies, but stocks rose on Trump optimism.
 
Trump's speech today could include details about his stimulus plans and tax cuts to support growth and investments in America.
 
Wall Street also drew support from strong growth rates in China in the fourth quarter of 2016, buoying crude prices and pushing energy shares higher.
 
Standard and Poor's 500 rose 0.52%, or 11.75 points to 2,275.44, while Dow Jones added 0.47%, or 92.07 points to 19,824.47.
 
Tech-heavy NASDAQ jumped 0.46%, or 25.55 points to 5,565.63.

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