Biden is Sworn In and Stocks Rally to New High

Big day in Washington as Joe Biden was sworn in as the 46th president. As I always advise investors, don’t confuse your politics with the market. For its part, the S&P 500 rallied to a new all-time intra-day high today. The index got up to 3,854.57 today.

There’s not much stock-specific news today but I’ll pass along one item about Abbott Labs:

Abbott Laboratories’ rapid COVID-19 antigen test is highly likely to correctly detect if people have ever contracted the virus and could help with earlier isolation, according to the U.S. Centers for Disease Control and Prevention.

The test was less sensitive in detecting asymptomatic infection, but the CDC study found that the faster turnaround time can help limit transmission by more rapidly identifying infectious persons for isolation.

Posted by on January 20th, 2021 at 2:12 pm


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