In the early morning of the 21st, Beijing time, US stocks closed higher on Wednesday, with all three major stock indexes setting an intraday and closing record, with technology stocks leading the way. Biden was sworn in as president of the United States. Optimistic expectations of the steady promotion of the vaccine and a series of strong corporate earnings have boosted market sentiment.

The Dow rose 257.86 points, or 0.83%, to 31188.38; the Nasdaq rose 260.07 points, or 1.97%, to 13457.25; and the S & P 500 rose 52.94 points, or 1.39%, to 3851.85.

On Wednesday, the Dow rose as high as 31235.98, the Nasdaq rose as high as 13486.13, and the S & P rose to 3859.75, all new intraday highs.

Netflix closed up 16.9% as the company's fourth-quarter user growth exceeded expectations and the number of paying users exceeded 200m for the first time. The company also announced that it was considering buying back shares.

At 11:49 local time on January 20, Biden was sworn in as the 46th president of the United States in front of the Capitol. Markets expect Biden's arrival in the White House to have an immediate impact on policy, which will have an impact on companies and economies around the world.

European markets were generally positive about Biden's appointment, and European Commission President Von Delaine cheered "America is back" on social media today.

Investors still hope that the 78-year-old Democrat's $1.9 trillion anti-epidemic bailout stimulus package will support economic recovery and boost corporate earnings. Yellen, Biden's designated nominee for Treasury Secretary, said on Tuesday that she was in favor of increasing spending on anti-epidemic bailouts and urged lawmakers to take "significant action."

Biden's stimulus package includes 1400 dollars in direct payments to most Americans, additional unemployment benefits and assistance to state and local governments.

Biden also announced a comprehensive plan to combat the COVID-19 epidemic, including a nationwide vaccine campaign to speed up promotion.

"I think the orderly transfer of power, coupled with a clear vaccine promotion plan, will help the US stock market rise significantly," said CNBC's Jim Cramer. In any case, unless we find a way to vaccinate everyone against Pfizer Inc and Moderna Inc, the US economy will not be able to open up. "

The United States is far from meeting its goal of vaccinating 20 million people by the end of 2020. The Trump administration's vaccine promotion program, Operation Warp Speed, has distributed 31.1 million doses of the vaccine nationwide, but only 12.3 million people have been vaccinated.

As profits and revenue rebounded from the lowest point of the COVID-19 epidemic, companies continued to report stable quarterly results.

Morgan Stanley reported better-than-expected earnings and revenue due to steady growth in the performance of the trading and finance departments.

Procter & Gamble Co raised his performance target and said revenue jumped in the last fiscal quarter.

Chris Larkin, managing director of trading and investment products at E-Trade Financial, said: "the US corporate earnings season is off to a pretty good start. What is even more encouraging is that a number of companies have given positive performance guidance. So while the road ahead will inevitably be bumpy, both traders and US companies are beginning to see the dawn. "

Biden was officially sworn in as the 46th president of the United States, admitting that the United States was "deeply torn apart."

At 11:49 local time on January 20, Biden was sworn in as the 46th president of the United States in front of the Capitol.

Biden then delivered a speech acknowledging that the United States had been "deeply torn" and calling for "unity." under the COVID-19 epidemic, the United States is going through a "dangerous winter" and will observe a moment of silence for the dead and will actively fight the epidemic; it will crack down on US political extremism, xenophobia, and domestic terrorism; and by rejecting "US isolation," it will repair its relations with its allies and establish "good ties" with the world again.

Biden also mentioned the current challenges in the United States: the challenge of the COVID-19 epidemic and the catastrophic losses it has caused, claiming as many lives in a year as the United States lost in World War II. Millions of jobs have disappeared and hundreds of thousands of businesses have been shut down.

Biden compared what the United States has experienced over the past four years to a "barbaric war" (uncivil war) that "must end now."

Biden spoke to the international community, saying that "we will repair our relations with our allies and engage with the world again." "

Peter Baker, chief White House correspondent for the New York Times, said Biden wanted to use his inaugural address to show that he was very different from his predecessor in tone-Trump likes provocation rather than reconciliation. Biden talked about the need for truth and the consequences of lies-in four years, Trump made tens of thousands of false or misleading statements.

Peter Spiegel, the US editor of the Financial Times, said Biden's speech continued his campaign message that the country would be reunited after four years of particularly divided. It is worth noting that this speech barely mentioned any policy, but has been calling for unity in times of crisis.

Some Republican senators oppose Biden's $1.9 trillion stimulus package

At a Senate Finance Committee hearing on Tuesday, Biden's nominee for Treasury secretary, Janet Yellen, called for a significant increase in spending on anti-epidemic bailouts and worked with the Biden administration on priorities including increased infrastructure investment, environmental regulations and eventual tax reform.

Still, Yellen's views on the $1.9 trillion stimulus package have been opposed by some Republican lawmakers. Many lawmakers have refused to approve a new large-scale stimulus package, arguing that it is not sufficiently targeted to provide support only to those most in need.

The death rate of COVID-19 in the United States exceeded 400000 for the first time.

Novel coronavirus's losses in human health and economy have become more obvious. As of Tuesday, the death toll of novel coronavirus in the United States exceeded the grim milestone of 400000 for the first time. The epidemic in the United States peaked after the holidays, with COVID-19 's deaths and hospitalizations surging last week.

As of 07:22 Beijing time on the 20th, there were 96058991 confirmed cases and 2053384 deaths of COVID-19 worldwide, according to Johns Hopkins University in the United States. The United States is the country with the worst epidemic in the world, with 24216856 confirmed cases and 401174 deaths.

Focus stocks

Large technology stocks rose at least more than 2 per cent, Nai soared nearly 17 per cent, and Alphabet Inc-CL C, who rose more than 5 per cent, reached record highs, Amazon.Com Inc rose more than 4 per cent, Microsoft Corp and Apple Inc rose more than 3 per cent and closed at more than 2 per cent. Microsoft Corp and Apple Inc are both outstanding performers in the Dow.

The popularity of ETF KWEB continues to soar, with CQQQ rising by more than 4% and more than 3%, winning the market again. BABA rose by more than 5%, Baidu, Inc. by more than 4%, and Tencent's ADR by more than 2%. Tencent Music, who rose more than 20 per cent on Tuesday, fell more than 2 per cent.

Morgan Stanley announced fourth-quarter revenue of $13.64 billion (expected $11.54 billion) and profit of $3.39 billion, a year-on-year increase of 51% (expected $1.27). Like previous Wall Street counterparts, revenue from investment banking and trading is the main driver of overall performance.

Procter & Gamble Co released a second-quarter report with net sales of $19.745 billion, better than the market expected of $19.27 billion. Procter & Gamble Co said it raised its full-year EPS growth forecast from 5 per cent to 8 per cent to 10 per cent, driven by strong consumer demand for its home care and cleaning products.

Semiconductor equipment giant ASML Holding NV (ASML) released its fourth-quarter and full-year results for 2020 on Wednesday. Of this total, Q4 net sales are 4.254 billion euros and the market is expected to be 3.734 billion euros; net profit is 1.35 billion euros and the market is expected to be 1.015 billion euros.

Full-year net profit was 3.554 billion euros, up 37% from a year earlier, and the market is expected to be 3.237 billion euros. In addition, the company expects revenue of between 3.9 billion euros and 4.1 billion euros in the first quarter of 2021.

The salaries of Walt Disney Company executives fell sharply in fiscal year 2020. Global entertainment giant Walt Disney Company announced the agenda for the annual shareholders' meeting on Tuesday night local time. Executives who fail to meet performance targets also face a sharp drop in high pay after a number of main businesses have been hit hard by the epidemic.

Tesla, Inc. had previously been raised by Oppenheimer's target price to Wall Street's highest price of $1036.

Netflix's net increase in paying subscribers in the fourth quarter was 8.51 million, well ahead of market expectations.

Procter & Gamble Co's Q2 revenue in fiscal year 2021 is 19.745 billion US dollars, and the market is expected to be 19.278 billion US dollars, compared with 18.24 billion US dollars in the same period last year.

Morgan Stanley earned $6.46 per share in 2020, compared with $5.19 in the same period last year.

UnitedHealth Group Inc Group's 2020 revenue is 257.1 billion US dollars, and the market is expected to be 256.724 billion US dollars, compared with 242.155 billion US dollars in the same period last year.

AMC Cinema announced a $100m guaranteed bond due in 2026 to keep the company out of bankruptcy.

It is reported that TSMC plans to start risk production of 3nm chips in 2021 and mass production in the second half of 2022.

Royal Bank of Canada raised Goldman Sachs Group's target price to $319 from $225.

Sorrento Therapeutics says its drug STI-2020 treatment is binding on novel coronavirus variants.

Other markets

On Wednesday, Germany's DAX30 index closed up 112.24 points, or 0.81%, at 13927.30; Britain's FTSE index closed up 29.45 points, or 0.44%, at 6742.40; and France's CAC40 index closed up 29.83 points, or 0.53%, at 5628.44.

The European Stoxx 50 index closed up 28.93 points, or 0.80%, at 3624.35; Spain's IBEX35 index closed up 5.00 points, or 0.06%, at 8204.00; and Italy's FTSE MIB index closed up 206.78 points, or 0.92%, at 22648.50.

Gold futures closed at their highest level in nearly two weeks on Wednesday. Expectations of more stimulus from the Biden administration weighed on the dollar and supported gold prices.

With Biden sworn in as US president and Treasury Secretary nominee Yellen calling on Congress to take "significant action" to support the economy, markets expect the United States to announce additional fiscal stimulus measures soon.

Increased government spending will lead to an increase in debt, thus devaluing the dollar. The depreciation of the dollar is usually conducive to the rise in the price of gold.

Gold futures for February delivery on the New York Mercantile Exchange rose $26.30, or 1.4%, to close at $1866.50 an ounce, the highest closing price since January 7.

Silver futures for March delivery rose 45 cents, or 1.8%, to close at $25.766 an ounce.

Crude oil futures closed higher on Wednesday. Oil prices have been supported by the prospect of more economic stimulus from US President Joe Biden.

Edward Moya, a senior market analyst at Oanda, said: "the crude oil market does not seem to have been affected by headlines such as the new variant novel coronavirus spread and blockade measures", but focused on Biden's plan to defeat novel coronavirus faster and support most of the economy. These plans will boost the outlook for crude oil demand. "

West Texas Intermediate for February delivery on the New York Mercantile Exchange rose 26 cents, or 0.5%, to close at $53.24 a barrel. February futures expired after the crude oil market closed today, and the new spot futures, the March WTI contract, rose 33 cents, or 0.6%, to close at $53.31 a barrel.