Markets look to Trump's White House for policies to match optimism

The arrival of United States President Donald Trump into the White House poses a new test for the market's exuberance as investors wait for the policies to match their conviction that the Republican billionaire will be good for shares and growth.

Predictions of an inauguration day sell-off were wide of the market after the S&P 500 added 7.6 points or 0.3 per cent to 2,271.31 and the Dow Jones Industrial Average 94.8 points or 0.5 per cent to 19,827.25, though shares pared their gains upon the delivery of the president's address.

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