Dow Jones jumps back above 31,000 in early trading

US stock indices opened higher on Wednesday, as global markets focus on the US President-elect Joe Biden's inauguration.

Many US companies are still reporting their business results, as Netflix announced yesterday that the number of its subscribers rose to over 200 million with higher than expected revenues in the fourth quarter of 2020.

US President-elect Joe Biden today will be officially inaugurated as the president of the United States for the next 4 years, and the outgoing President Donald Trump wished success for Biden's administration and hinted at the possibility of returning to the political life.

As for stocks, Dow Jones rose 0.3% or 92 points to 31,022 as of 14:40 GMT, Nasdaq rose 1.3% or 174 points to 13,372, and S&P 500 rose 0.6% or 24 points to 3,824.