Indices in the USA Started the Day with an Increase

Indices in the USA started the day with an increase. The first day of Joe Biden's appointment had a positive impact on the markets.

At the opening of the day, the Dow Jones index increased by 0.09 percent and traded at 31,215.06 points. The S&P 500 index started trading at 3,855.07 points with an increase of 0.08 percent, while the Nasdaq index increased by 0.44 percent to 13,516.57 points. In his first speech after the inaugural ceremony, Joe Biden, the new President of the USA, drew attention to the new type of coronavirus (Covid-19) epidemic and said, “Maybe we are entering the most difficult and deadliest period of the virus . Now we should put aside politics and face this epidemic reality.” On the other hand, Joe Biden signed 17 decrees to cancel Donald Trump's actions on the first day he took office. Biden's statements and the issues that Janet Yellen, who is expected to be the Treasury Minister, highlighted in her presentation the previous day raised the expectations of the financial stimulus package to be given as part of the fight against the new type of coronavirus (Covid- 19) epidemic. In addition, housing start-ups in the USA increased by 5.8 percent compared to November last month, reaching 1 million 669 thousand and reached the highest level since September 2006. Philadelphia Fed Manufacturing Index increased to 26.5 in January and was above market expectations.