Dow kicks off trade 200 points higher Tuesday as investors focus on Biden inauguration, Yellen confirmation hearing

U.S. stock benchmarks Tuesday morning rose on the first trading day after a holiday-shortened week, a day ahead of the inauguration of President-elect Joe Biden and as fourth-quarter earnings season kicks into higher gear. Investors are awaiting testimony from Janet Yellen, the former Fed chair nominated by Biden to head the Treasury, who is scheduled to testify at her confirmation hearing speak before the Senate Finance Committee at 10 a.m. Eastern, while market participants also are parsing quarterly results from Goldman Sachs Group /zigman2/quotes/209237603/composite GS -1.54% and Bank of America /zigman2/quotes/200894270/composite BAC +0.72% among others. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.11% rose 213 points, or 0.7%, at 31,030, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.34% climbed 0.7% to 3,796, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -2.11% climbed 1% at 13,127.

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Add to watchlist GS

Goldman Sachs Group Inc.

US : U.S.: NYSE

$ 329.29

-5.14 -1.54%

Volume: 3.65M

March 4, 2021 7:00p

P/E Ratio

13.32

Dividend Yield

1.52%

Market Cap

$113.30 billion

Rev. per Employee

$1.31M

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Add to watchlist BAC

Bank of America Corp.

US : U.S.: NYSE

$ 36.50

+0.26 +0.72%

Volume: 96.51M

March 4, 2021 7:00p

P/E Ratio

19.49

Dividend Yield

1.97%

Market Cap

$315.11 billion

Rev. per Employee

$445,624

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Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

30,924.14

-345.95 -1.11%

Volume: 551.23M

March 4, 2021 5:08p

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S&P 500 Index

US : S&P US

3,768.47

-51.25 -1.34%

Volume: 3.44B

March 4, 2021 5:08p

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NASDAQ Composite Index

US : U.S.: Nasdaq

12,723.47

-274.28 -2.11%

Volume: 6.68M

March 4, 2021 5:16p