Wall Street hits records as hopes build for more stimulus

FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. U.S. stocks are rising again Wednesday, Jan. 20, 2021, climbing toward records on stronger-than-expected earnings reports and continued optimism that an economic recovery is on the way. (AP Photo/Mark Lennihan, File)

Wall Street marked the dawn of President Joe Biden’s administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling U.S. economy.

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