"Stocks notch record on hopes Biden will act on economy, COVID-19" by Jessica Menton, USA Today.
Stocks have been rising on enthusiasm about a coming economic recovery as more people are inoculated with COVID-19 vaccines and Washington gets set to try for another round of economic stimulus.
“The market is motivated by two primary influences: the success of vaccine distribution and the economic plan which Biden rolls out,” Kevin Philip, managing director at Bel Air Investment Advisors, a wealth adviser, said in a note. “The economic plan from the incoming administration, bolstered by Democratic control of Congress, is likely to be profoundly accommodative to economic growth and the stock market.”
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