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Updated at 8:23 p.m. ET

The Dow, the S&P 500 and the Nasdaq all hit new records as markets closed on Wednesday afternoon.

The achievement was notched right in the middle of Inauguration Day celebrations, as the Biden administration played a montage of dancing and singing across America. There just may have been some celebratory shimmies on Wall Street, too.

The Dow rose nearly 1% to 31,188. The tech-heavy NASDAQ closing nearly 2% higher at 13,457, while the broader S&P 500 rose 1.39% to end the day at about 3,852.

Last year, as pandemic lockdowns put travel on hold, wealthy countries reduced their environmentally-harmful emissions in almost every sector of their economies.

There was one exception ... one big, road-hogging, gas-guzzling exception.

China imposed sanctions Wednesday on 28 former Trump administration officials, including outgoing Secretary of State Mike Pompeo.

In a statement released just minutes after President Biden took office, China's foreign ministry said it had decided to sanction those "who have seriously violated China's sovereignty and who have been mainly responsible for such U.S. moves on China-related issues."

A Connecticut man has been charged with assaulting an officer during the breach of the U.S. Capitol in an incident captured on video and shared widely on social media.

Updated at 5:06 p.m. ET

Democrats officially took control of the Senate as Georgia's two new Democratic senators-elect were sworn in Wednesday afternoon, cementing a 50-50 split, with Vice President Harris serving as the tiebreaking vote in her new role as president of the the Senate.

Harris administered the oath of office to Raphael Warnock and Jon Ossoff hours after her own swearing-in.

Updated 5:45pm Eastern Time

In one of his first acts in the Oval Office, President Joe Biden signed an executive order to have the United States rejoin the Paris climate agreement, the largest international effort to curb global warming.

They gathered long distance via Zoom, garlanded with pearls in homage to Kamala Harris's signature neckwear, and with champagne bottles ready to pop.

Eight Black women, who for the past 25 years have belonged to what they call the Brown Girls Book Club, could not miss the opportunity to join together for this historic moment: the inauguration of Joe Biden and Kamala Harris, who becomes the first woman, first African American, and first Asian American vice president.

President Joe Biden has picked a slate of nearly two dozen acting officials to temporarily lead agencies as he waits for Congress to confirm his Cabinet.

According to a list of officials issued by the White House on Wednesday, most of the temporary leaders are career civil servants.

President Biden is moving quickly on climate change on his first day in office, saying he plans to sign a sweeping executive order to undo many of the Trump administration's environmental rollbacks.

Updated at 5:40 p.m. ET

As President Joe Biden took the oath of office on Jan. 20 with his history-making vice president, Kamala Harris, people across the nation seemed cautiously optimistic.

The traditional inaugural parade was not an option this year, given security fears and the coronavirus pandemic.

So instead, the Biden Inaugural Committee is throwing a "Parade Across America" — a virtual celebration involving dancers, drum lines, singers and athletes from across the United States.

President Biden traveled from the U.S. Capitol across the Potomac River to Arlington National Cemetery after his inauguration ceremony Wednesday afternoon to lay a wreath at the Tomb of the Unknown Soldier.

He was joined by Vice President Harris as well as former Presidents Barack Obama, George W. Bush and Bill Clinton, along with their spouses and members of their families.

Biden and Harris each touched the wreath, and Biden made the sign of the cross before saluting. A military bugler then played taps.

Updated Jan. 21 at 3:10 p.m. ET

Following President Biden's executive action signed Wednesday, the Education Department extended pandemic relief for about 41 million federal student loan borrowers through Sept. 30.

"Too many Americans are struggling to pay for basic necessities and to provide for their families," the Education Department said in a statement. "They should not be forced to choose between paying their student loans and putting food on the table."

When Amanda Gorman, a 22-year-old poet from Los Angeles, took to the stage on Wednesday, it was immediately clear why the new president had chosen her as his inaugural poet.

Gorman echoed, in dynamic and propulsive verse, the same themes that Biden has returned to again and again and that he wove throughout his inaugural address: unity, healing, grief and hope, the painful history of American experience and the redemptive power of American ideals.

As part of his ambitious plan to address climate change, President Biden is revoking a key cross-border presidential permit needed to finish the controversial Keystone XL pipeline

This likely means the end of the $8 billion pipeline, a years-long project that would have carried oil sands crude from Alberta, Canada, to the American Gulf Coast. The pipeline has come to signify the debate over whether fossil fuels should be left in the ground in order to rein in greenhouse gas emissions and avoid the worst damage from climate change.

Copyright 2021 Fresh Air. To see more, visit Fresh Air.

TERRY GROSS, HOST:

After President Biden and Vice President Harris were sworn into office Wednesday, they inherited two other important titles: @POTUS and @VP.

That's because the transfer of power included the transition of official administration Twitter accounts.

Updated 4:50 p.m. ET

As the United States inaugurated Joe Biden as the 46th president, world leaders, citizens and former officials offered congratulations and expressed hope that the new administration will lead to better relations and reverse some of the policies of his predecessor.

"The United States is back. And Europe stands ready," Ursula von der Leyen, president of the European Commission, proclaimed in a tweet hours before the swearing-in Wednesday.

The night before their inauguration, Joe Biden and Kamala Harris stood near the Lincoln Memorial and marked more than 400,000 people killed by the coronavirus. On Wednesday, the Biden administration takes responsibility for fighting the pandemic.

Updated at 2:15 p.m. ET

The sounds of base drums, cymbals and helicopters all rang out Wednesday morning through a main quad at Washington D.C.'s Howard University, Vice President Harris' alma mater.

Harris' face adorned one of the famous alumni banners at the historically black university on Inauguration Day as some student members of the university's Showtime Marching Band — the drum line and dance and flag squads — prepared to participate in the inaugural parade.

Updated at 1:20 p.m. ET

President Biden gave his first presidential address to Americans on Wednesday in a star-studded Inauguration Day event that went unattended by his predecessor.

In his remarks, Biden promised to help the nation heal, both from the ongoing coronavirus pandemic as well as from political rifts that had deepened considerably during the term of former President Donald Trump.

Updated at 1:05 p.m. ET

Andrea Hall, a career firefighter and union leader from Fulton County, Ga., led the Pledge of Allegiance during the inauguration of President-elect Biden.

Hall recited the familiar words of the pledge out loud and in American Sign Language.

Updated at 12:10 p.m. ET

President-elect Joe Biden became President Biden at noon Eastern time, after he took the oath of office to become the nation's 46th commander in chief.

Supreme Court Chief Justice John Roberts conducted the swearing-in ceremony. Biden placed his hand on a family Bible.

Joe Biden and Kamala Harris are about to receive an Indian-style welcome to Washington, D.C.

A group of volunteers are putting together a kolam, a traditional South Indian art form used as a sign of welcome, in the nation's capital in honor of the incoming president and vice president. Using 1,800 pieces submitted from the public, the volunteers are assembling a kolam of over 2,500 square feet.

Updated at 10:10 a.m. ET

Unwilling to admit defeat but with his time in office at its end, President Trump left the White House early Wednesday, skipping the Inauguration Day ceremony that generations of outgoing presidents have attended — a symbolic peaceful transfer of power that had been made all but impossible by his actions after losing the election to Joe Biden.

Updated at 9:44 p.m. ET

One of President Biden's first executive actions has reversed former President Donald Trump's unprecedented policy of altering a key census count by excluding unauthorized immigrants. The change ensures that the U.S. continues to follow more than two centuries of precedent in determining representation in Congress and the Electoral College.

Updated at 3:33 p.m. ET

Militias and mass protests did not appear in Washington, D.C., during President Biden's inauguration Wednesday — a welcome development for security and law enforcement agencies. Some 25,000 National Guard members are in the city, where insurrectionists stormed the U.S. Capitol just two weeks ago.

In lieu of the crowds of spectators that fill the National Mall for a typical inauguration, this year the iconic stretch of land will be filled with nearly 200,000 flags, representing the thousands of people who cannot attend because of the coronavirus pandemic and tight security in the nation's capital.

President-elect Joe Biden and Vice President-elect Kamala Harris will make history during Wednesday's inauguration: Biden will become the oldest president in American history, while Harris will be the first Black woman and the first Asian American to hold the office of vice president.

Musicians from all genres plan to greet the Biden-Harris administration, with performances from Jennifer Lopez, Earth, Wind & Fire, John Legend and more. The complete list of performances is below.

President-elect Joe Biden, who will become the nation's second Roman Catholic president, is attending Mass this morning, along with Vice President-elect Kamala Harris and congressional leaders at the Cathedral of St. Matthew the Apostle in Washington, D.C.

It's a church Biden attended both as vice president and as a senator, and it was the site of a service for the first Catholic president, John F. Kennedy, after his 1963 assassination.

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