U.S. stocks finished strong on President Joe Biden’s final full day in the White House as Wall Street embarked upon a new era.
Financial markets enjoyed their best week since November 2024 as rocketing Treasury yields took a breather.
The blue-chip Dow Jones Industrial Average rallied nearly 400 points to end the day at 43,487.43, registering a weekly gain of about 4 percent.
The tech-heavy Nasdaq Composite added more than 300 points to settle the session at 19,630.20. It posted a weekly jump of about 2.5 percent.
The S&P 500 rose 1 percent to 5,996.70, enjoying a weekly boost of 2.9 percent.
Investors have seen monster nominal (non-inflation-adjusted) returns over the past four years….