Will Biden’s presidential inauguration affect markets today?

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US stock futures are rising, ahead of Joe Biden’s presidential inauguration later on Wednesday. S&P 500 futures are trying to reassert themselves back above the 3800 handle in a bid to erase last week’s losses.

The coronavirus has already nullified any chance of large-scale gatherings for the event. Instead, Washington DC will be filled with some 25,000 National Guard soldiers while the White House and the Capitol building are surrounded by tall fences, in a bid to stem any threat of violence after Capitol Hill was swarmed by a pro-Trump mob earlier this month.

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