| January 20th | 2021 3:26PM
Wall Street hits records amid profit reports, inauguration
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
The S&P 500 was 1.4% higher at 3,851 in afternoon trading, topping its record closing level of 3,824.68 set earlier this month. The Dow Jones Industrial Average was up 220 points, or 0.7%, at 31,151 as of 3:13 p.m.