Stocks closed out the week with a bang as Treasury yields retreated from recent highs. Optimism is swirling ahead of President-elect Donald Trump's inauguration on Monday, which also happens to be a stock market holiday. Indeed, both the equities and bond markets will be closed in observance of Martin Luther King Jr. Day.
At the close, the Dow Jones Industrial Average was up 0.8% at 43,487, the S&P 500 was 1.0% higher at 5,996, and the Nasdaq Composite had gained 1.5% to 19,630. It was the first weekly win of 2025 for the benchmarks and the biggest week-over-week gains for the Dow and S&P 500 since the post-election "Trump bump" in early November.
