Wall Street climbs ahead of Biden's inauguration

US President-elect Joe Biden (C) and incoming First Lady Jill Biden attend Mass at the Cathedral of St. Matthew the Apostle in Washington, DC, on January 20, 2021. - Biden is to be sworn in as the 46th US President at the US Capitol. (Photo by JIM WATSON / AFP)

What you need to know:

  • Dominating the news cycle for New York traders was the confirmation hearing of Janet Yellen, Biden's nominee to lead the Treasury, who fielded questions from senators on the incoming administration's $1.9 trillion stimulus proposal.