Looking back historically, the all-time champion for Election Day to Inauguration Day performance had been the one-term Republican President Herbert Hoover, with a 13.3% rally in the S&P 500 index SPX, 0.03% between his Nov. 6, 1928 election and his first day in office. Although Biden has had a hand in the market’s recent advance for the S&P 500, the Dow Jones Industrial Average DJIA, -0.04% and the Nasdaq Composite Index COMP, 0.55% since November, gains also have come amid the rollout of vaccines with high reported efficacy from Pfizer PFE, -0.05% -BioNTech BNTX, +2.13% and Moderna MRNA, +6.26%, helping to bolster hopes for a near-term economic recovery from the epidemic.

https://www.marketwatch.com/story/biden-aims-for-best-stock-market-rally-in-92-years-ahead-of-inauguration-11611097621#