Market Snapshot: Dow trades to records then retreats in first full day of Biden presidency

U.S. stock benchmarks turned south Thursday morning after making tentative moves higher to extend a record climb, a day after the inauguration of President Joe Biden, as investors awaited clarity on the prospects for the new commander-in-chief’s legislative agenda to contend with the COVID-19 pandemic and a rocky economy.

U.S. stock benchmarks turned south Thursday morning after making tentative moves higher to extend a record climb, a day after the inauguration of President Joe Biden, as investors awaited clarity on the prospects for the new commander-in-chief’s legislative agenda to contend with the COVID-19 pandemic and a rocky economy.