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Benzinga The S&P 500 made new record highs in a holiday-shortened trading week as President Joe Biden was officially sworn into office. The S&P 500 gained 1.4% on Inauguration Day, suggesting investors are optimistic about the positive impact Biden and a Democrat-controlled Congress could have on the economy. However, the S&P 500 performed very well under Donald Trump s presidency as well, gaining 57.4% overall during Trump’s four years in office. A New Admin The first priority for the new administration will likely be Biden’s proposed $1.9 trillion stimulus package, which includes $1,400 direct payments to individual Americans. Investors have been buying stocks in the opening weeks of 2021 in anticipation of additional stimulus, and House Speaker Nancy Pelosi said Thursday that the House is prepared to pass the bill in the first week of February. ....