The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.

On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.

According to preliminary data, the S&P 500 gained 59.48 points, or 1.01%, to end at 5,996.82 points, while the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20. The Dow Jones Industrial Average rose 338.82 points, or 0.79%, to 43,491.95.

Can they regain momentum after Trump takes office? Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb.

That marked its best weekly gain since a 4.7 per cent rise in the five sessions to November 8, when Trump’s election win raised hopes that tax cuts and deregulation under the incoming administration would boost corporate America.