The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.
U.S. stock futures advanced on Friday in the last trading day before President-elect Donald Trump takes office. Dow Jones Industrial Average futures rose 126 points, or 0.3%, to 43498. S&P 500 futures gained 21 points,
While there's no guarantee the stock market will crash in 2025 under President Donald Trump, history suggests it's a practical lock that the major indexes will generate a healthy total return for investors over the next 20 years.
On an annualized basis, Biden’s Dow performance is slightly below the 50-year average, but higher than the average among 20th and 21st-century Democratic presidents. Among one-term presidents, the Dow’s performance under Biden is the worst since Jimmy Carter.
Stocks closed sharply higher Friday, sending the S&P 500 and Dow Jones Industrial Average to their biggest weekly gains since the week of the November presidential election.
The Federal Reserve released minutes of its December meeting, which showed that the panel sees a potential for inflation to linger. The minutes mention "recent elevated inflation readings" and a "high degree of uncertainty" in emerging economic data. Inflation has risen in two consecutive months.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
After struggling for the past month, U.S. stocks got a boost this week as the latest inflation data rolled in. As a result, both the S&P 500 and Dow Jones Industrial Average were heading for their strongest advance since the week when President-elect Donald Trump won reelection.
The U.S. stock market will be closed on Monday in observance of Martin Luther King Jr. Day, so equity traders won't be able to immediately react to what President-elect Donald Trump says in his inaugural address. The bond market will also be closed.
The Dow Jones rose and other indexes were mixed on the stock market today. A Donald Trump stock soared. Bill Ackman made an offer.
Wall Street's main indexes opened higher on Friday, with the S&P 500 and the Dow looking set to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming Trump administration.