The foremost gauges rallied on Friday and for the week, led by a tech stock resurgence and a shifting mood on Wall Street ahead of Trump’s inauguration on Monday.

The Dow Jones Industrial Average (^DJI) gained 0.8% while the S&P 500 (^GSPC) rose 1%. The tech-heavy Nasdaq Composite (^IXIC) placed on 1.5% as Nvidia (NVDA) and Tesla (TSLA) shares were amongst the most important players to shift back into the green.

The Dow finished up 3.7% for the week. The S&P recorded a 2.9% gain, while the Nasdaq closed 2.4% ahead of last week.

Markets have turned upbeat as investors have celebrated earnings from big banks and absord fresh inflation readings that signal the Fed continues to make progress in curbing pricing pressures, resuscitated bets on interest-rate cuts within the months ahed

After the Martin Luther King Jr. holiday, Wall Street will kickstart an entire recent era as Trump ascends to the White House for the second time.

Market sentiment has improved from a sour mood in recent weeks, as an alternative clinging to a rosier rate of interest outlook, muscular corporate earnings, and the expected policy changes that President-elect Trump hopes will result in a cycle of growth for the US economy.

A raft of corporate results will replenish the calendar next week, with big names like Netflix (NFLX), American Express (AXP), and Johnson & Johnson (JNJ) set to report. Major airlines are also on deck.

On the info front, a gauge of future US economic activity is ready to be released on Wednesday, with the top of the week brining a fresh reading on consumer sentiment.

Yahoo Finance’s Brent Sanchez has a graphical breakdown of what to look at next week:

The Tesla (TSLA) trade continues to reflect the ambitions and the passionate following of its singular CEO, Elon Musk.

Tesla shares jumped roughly 6% Friday amid speculation that Musk could potentially buy TikTok. The short-form video app that has amassed an enormous following within the US needs to seek out an American buyer, or it is going to effectively face a nationwide ban starting next week.

“We consider ByteDance and ultimately Beijing is taking a look at the likelihood that Musk/X could buy the US TikTok operations,” wrote Wedbush analyst Dan Ives in a note to investors.

Tesla can also be having fun with a broader rally partly because of Musk’s alliance with President-elect Trump, who could potentially speed up the EV company’s plans to launch a fleet of robotaxis. Musk also co-leads a quasi-governmental position that goals to chop federal spending, which could also favor Musk’s aspirations.

Tesla’s share price has surged around 75% since Election Day.

The Securities and Exchange Commission announced Friday that the investment adviser Vanguard can pay greater than $100 million to settle charges for misleading statements related to its target-date retirement funds.

The fees stem from a choice in late 2020 by Vanguard to lower the minimum initial investment for its institutional goal retirement funds. After a considerable variety of retirement plan investors switched from their investor plans to to the institutional plans, underlying assets needed to be sold to satisfy the demand for theese redemptions. Retail investors who didn’t switch into the institutional goal funds were hit with “historically larger capital gains distributions and tax liabilities and were deprived of the potential compounding growth of their investments,” in line with the SEC.

Vanguard told Yahoo Finance in a press release that it’s pleased to have reached this settlement.

The settlement amount shall be distributed to harmed investors, the SEC said.

Bitcoin bulls are back on top of things Friday as the value of the dominant cryptocurrency shot above $100,000 and investors anticipated further motion from President-elect Donald Trump to support the industry.

Trump is predicted to release an executive order prioritizing crypto policy during his early days in office, in line with reports, in addition to appoint business-friendly officials to oversee digital currency’s continued rollout into the broader economy.

Along with cryptocurrencies rising in value, several corporate players tied to the ecosystem are rallying off the news. Coinbase (COIN), the nation’s largest crypto trading platform, rose 5% Friday. MicroStrategy (MSTR), which continues to take a position heavily in bitcoin, gained 7%.

Trump has also expressed interest in making a US crypto reserve, appointing a crypto czar, and implementing other regulations to drive adoption. The professional-growth approach contrasts with what was widely seen as an antagonistic relationship between the Biden administration and the crypto industry.

The ultimate trading day of the Biden era is heading for muscular gains Friday as optimism over President-elect Donald Trump’s inauguration, and the policy changes that may follow, conicide with impressive corporate earnings and a rosier rate of interest outlook.

The Dow Jones Industrial Average (^DJI) gained 1.1% while the S&P 500 (^GSPC) rose 1.2%, coming off a losing day for the foremost gauges. The tech-heavy Nasdaq Composite (^IXIC) placed on over 1.7% as Nvidia (NVDA) and Tesla (TSLA) shares nudged back into the green.

Stocks are on the right track for large weekly wins after a serious rally on Wednesday. And the 10-year Treasury yield (^TNX) pulled back to trade around 4.6% on Friday.

Listed here are a number of the stocks leading Yahoo Finance’s trending tickers page during morning trading on Friday.

META (META): Shares of the social media platform rose greater than half a percent Friday morning following a choice from the US Supreme Court upholding the law that would see its rival, short-form video app TikTok, banned within the US. The TikTok ban would grow to be effective this Sunday, Jan. 19, unless Chinese-owned parent company ByteDance divests from the platform.

Novo Nordisk (NVO): The pharmaceutical company got here under pressure after a few of its medications were included in an inventory of Medicare price negotiations in 2027. Novo Nordisk’s (NVO) GLP-1 weight-loss drugs, Ozempic and Wegovy, were among the many names. Shares fell greater than 4%.

Intel (INTC): Shares of the embattled technology giant surged 8% Friday afternoon as speculation circulated online that the corporate has grow to be an acquisition goal, based on a report from SemiAccurate Friday. Intel stock has lost greater than half its value over the past yr.

Coinbase (COIN): The nation’s largest crypto platform is being buoyed once more by surging bitcoin prices. The value of bitcoin (BTC-USD) topped $100,000 again Friday following reports that President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority.

The Centers for Medicare and Medicaid Services (CMS) released its second round of drug negotiation targets, an inventory of 15 drugs under Medicare Part D, including Novo Nordisk’s (NVO) blockbuster GLP-1s, reports Yahoo Finance’s Anjalee Khemlani.

Novo was trading down 4% on the news Friday.

Diabetes drug Ozempic and weight-loss drug Wegovy top the list, together with numerous others like Merck’s (MRK) diabetes drug Janumet.

Read more in regards to the next round of drug price negotiations here.

It’s unclear if the incoming Trump administration will honor this list and the method or change it after taking office Jan. 20.

Novo Nordisk currently has 55% of the GLP-1 market and has raked in $50 billion from the 2 drugs last yr in the primary three quarters alone.

The US Supreme Court has upheld a law that bans TikTok within the US from Sunday unless it’s sold to an owner not controlled by a foreign adversary, report Yahoo Finance’s Alexis Keenan and Daniel Howley.

The ruling on Friday creates recent uncertainty for the Chinese app utilized by 170 million Americans, but may very well be a long-term boon for social-media rivals for ad dollars like Meta (META).

The court sided with the US government’s argument that ties between TikTok’s parent ByteDance and Beijing presented a national security threat that empowered Congress to demand it’s sold.

TikTok had argued it was entitled to First Amendment protections and that its proprietary algorithm was in truth an editorial expression that qualified as speech.

The court’s decision likely leaves the fate of TikTok within the hands of Donald Trump, who promised to “save TikTok” and had asked the court to suspend the divestment deadline. The president-elect takes office on Jan. 20, a day after the ban goes into effect.

Read more here.

A tech stock revival drove a jump on Wall Street Friday as investors took in per week of favorable inflation readings and impressive corporate earnings, shifting market sentiment back toward optimism because the Federal Reserve considers its rate-setting policy.

The Dow Jones Industrial Average (^DJI) gained 0.7%, while the S&P 500 (^GSPC) rose 1%, coming off a losing day for the foremost gauges. The tech-heavy Nasdaq Composite (^IXIC) placed on over 1.6% as Nvidia (NVDA) and Tesla (TSLA) shares nudged back into the green.

Markets have turned upbeat as investors take stock of recent days’ big bank earnings and inflation readings, which have resuscitated bets on interest-rate cuts. Stocks are on the right track for large weekly wins after a serious rally on Wednesday, while the 10-year Treasury yield (^TNX) pulled back to 4.6% on Friday.

Housing starts rose in December, buoyed by a pickup in multifamily construction.

Data from the Census Bureau showed that housing jumped 15.8% in December to an annual rate of 1.49 million, which was higher than economists’ expectations for an annual rate of 1.32 million.

Single-family starts had a modest advance. Construction rose 3.3% to an annualized rate of 1.05 million, the strongest pace since February 2024. Meanwhile, construction for multifamily dwellings grew by nearly 62%.

“Housing starts soared at the top of the yr, but this doesn’t mean the country is out of the woods in relation to the issues within the residential housing sector,” Christopher Rupkey, chief economist at FWDBONDS, wrote after the discharge.

“There still will not be enough housing within the country, and the development of residential homes stays historically depressed,” the economist added.

Up to now, recent construction in 2024 was the slowest it has been since 2019, per Bloomberg. Despite the rise in construction, builders are coping with elevated mortgage rates. Freddie Mac said mortgage rates increased to 7.04% this week, hitting the very best since May 2024. Rates on a house loan are inclined to follow US Treasury yields, which had been climbing higher following strong employment data.