Angela Weiss/AFP via Getty Images hide caption toggle caption Angela Weiss/AFP via Getty Images Stocks hit record highs on Wednesday after President Biden's inauguration. Angela Weiss/AFP via Getty Images Updated at 8:23 p.m. ET The Dow, the S&P 500 and the Nasdaq all hit new records as markets closed on Wednesday afternoon. The achievement was notched right in the middle of Inauguration Day celebrations, as the Biden administration played a montage of dancing and singing across America. There just may have been some celebratory shimmies on Wall Street, too. The Dow rose nearly 1% to 31,188. The tech-heavy NASDAQ closing nearly 2% higher at 13,457, while the broader S&P 500 rose 1.39% to end the day at about 3,852.