Getty Images Copyright: Getty Images

US stocks closed lower on Thursday as investors avoided making risky bets ahead of Donald Trump's inauguration.

The Dow Jones lost 0.37% to 19,732.40, the S&P 500 was down 0.36% at 2,263.69, and the Nasdaq was 0.28% lower at 5,540.08.

The dollar shed 0.3% against the euro to €0.93790.

Peter Tuz of Chase Investment Counsel told Reuters: "People are little bit jittery ahead of the inauguration and after the rally we've had. I'm not surprised the market is down."

On Thursday, spokesman Sean Spicer told reporters that Mr Trump would begin "enacting an agenda of real change" within the first few days of his presidency.