NEW YORK (AP) — U.S. stock indexes closed their best week in two months with a flourish on Friday.
The S&P 500 climbed 1% to clinch its first winning week in the last three. The Dow Jones Industrial Average rose 334 points, or 0.8%, and the Nasdaq composite rallied 1.5%.
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Ten years ago, it was 2015 — an eventful year. Nearly 200 countries agreed to reduce emissions and focus on renewable energy, Tom Brady and the New England Patriots were accused of underinflating footballs,
Major U.S. stock indexes were on course to post strong weekly gains in late-afternoon trading Friday, with the Dow Jones Industrial Average leading the way up.
The Dow was on pace to rise 3.8% this week, while the S&P 500 was on track to advance 3% and the technology-heavy Nasdaq Composite was heading for a 2.5% gain,
» Read more about: Dow, S&P 500 on track for biggest weekly gains since week of U.S. election »
Reuters
January 18, 2025 / 09:30 IST
US stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration.
» Read more about: Stocks rally to close out strong week, await Trump policies »
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The US Treasury Department will start taking “extraordinary measures” next week to avoid risking a default on government debt,
» Read more about: US Treasury to take 'extraordinary measures' to avoid debt default »
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Mortgage rates were on a downward course—until they weren’t. After falling in September to a 2024 low of 6.08%, the average rate on the benchmark 30-year mortgage made an about-face and has remained persistently high ever since.
» Read more about: Mortgage Rates Forecast For 2025: Experts Predict How Much Rates Will Drop »
U.S. stocks are about to close out Joe Biden’s era on a high note as the president bids farewell to the White House.
The 46th president of the United States is bringing his time at the White House to a close with the S&P 500 up around 54% since he took office on Jan.
» Read more about: A final look at how the U.S. stock market has performed under Joe Biden »
