Finance

Stocks flat on Biden’s first full day as president

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Stock markets closed relatively flat on Thursday, President Biden’s first full day in office, having set new records on inauguration day.

The Dow Jones Industrial Average fell 12 point, a fraction of a percent, and the S&P 500 increased 1.2 points, also negligible in percentage terms, though it technically set a new record having closed above Wednesday’s high.

The markets set new records Wednesday as Biden took the oath of office and signed a flurry of executive orders covering immigration, housing and student loans, and the COVID-19 pandemic.

The Senate also swore in three new Democratic members, flipping the majority and handing Democrats control across Washington.

Biden is pushing for a $1.9 trillion COVID-19 relief bill and is expected to propose a larger infrastructure plan in the coming weeks.

Updated at 4:01 p.m.

Tags Inauguration Joe Biden Kamala Harris stocks

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