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On the second day of Biden's Presidency, more executive orders were pressed through, with the President using the Production Act to bolster production of vaccines, test kits and PPE for frontline workers. The S&P500 briefly touched a new intraday record, before turning flat ahead of the close. Gains in tech, consumer discretionary and communication services sectors were countered by a pullback in energy and materials.
Earnings from Intel and IBM after the bell take focus. Larger earnings Friday include Schlumberger and Teradyne.