U.S. stocks closed out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up over 55% since he took office on Jan.

"Biden inherited an economy that was flat on its back because of the pandemic, and he's bequeathing an economy that's flying high," said Mark Zandi, chief economist at Moody's Analytics. "Having said that, there are blemishes in the minds of many Americans ... They feel ripped off."

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.

U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House. The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.

The Trump administration has threatened federal employees who fail to report efforts to conceal DEI programs. Newsweek's live blog is closed.

Wallstreet is opening after a three-days holiday period due to weekend and Martin Luther King Jr Day. On US stock futures and dollar surged. A similar trend was seen in indices as well. Dow Jones outperformed its counterparts S&P 500 and Nasdaq Composite.

Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.

Joe Biden is ending his term as US President with S&P 500 up over 55% since January 2021, when he took office, according to a recent report. Over the same period, the Dow Jones Industrial Average advanced more than 39% and Nasdaq Composite jumped nearly 46%,

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"With an ambitious policy agenda, Trump's first 100 days in office will provide an early indication of his ability to sustain momentum in delivering on his promises," said Seema Shah, chief global strategist at Principal Asset Management. "Significant challenges and heightened uncertainty around the speed and scope of policy implementation remain."

US benchmark equity indexes were higher ahead of Tuesday's close as markets digested President Donald Trump's initial agenda items and awaited Netflix's (NFLX) latest financial results. The Dow Jones Industrial Average was up 1.

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.