The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their recent startling climb.
Donald Trump oath ceremony is taking place on January 20 and the inauguration event will have an impact on US stock market.
The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,
U.S. stocks ended up Friday, the last day of trading under U.S. President Joe Biden, as investors headed into a three-day weekend that will see Donald Trump inaugurated Monday. The Dow Jones Industrial Average closed 0.
The SP 500 closed a strong week with gains on Friday, fueled by investor optimism ahead of President-elect Donald Trumps inauguration. At 4:00 p.m. ET, the Dow Jones Industrial Average rose 334 points (0.
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 postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation.
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.
When 2024 came to a close, investors had every reason to smile. The iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) ended the year higher by 13%, 23%, and 29%, respectively.
The S&P 500 Trump-election rally has all but vanished ... How Likely Is It That the Stock Market Crashes Under President Donald Trump in 2025? Here's What History Tells Us.
UBS expects the S&P 500 to reach 6,600 by the end of this year. In comparison, Citi, Morgan Stanley, Goldman Sachs and JPMorgan see the S&P 500 rising to a more measured 6,500 by year-end. Standing on the bullish side are Bank of America, which forecasts 6,666, and DWS, which predicts 7,000.
The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation.