The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.
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.
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.
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 major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.
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 surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
According to preliminary data, the S&P 500 gained 59.48 points, or 1.01%, to end at 5,996.82 points, while the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20. The Dow Jones Industrial Average rose 338.82 points, or 0.79%, to 43,491.95.
US stocks closed lower Thursday, as the major indexes struggled to build on the previous day's surge amid another round of big bank earnings and a slide in tech stocks. Investors also watched the Capitol Hill confirmation hearing of President-elect Donald Trump's pick for Treasury Secretary,
Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.
U.S. stocks finished higher on Friday, the final trading day of Biden's term in office. All three major benchmarks posted weekly gains amid a retreat in Treasury yields. Investors were also looking ahead to next week, when Trump is set to be inaugurated as president of the United States for the second time.
The major indexes reclaimed their 50-day moving averages while bitcoin also rallied into Donald Trump's presidential inauguration. Many stocks flashed buy signals.