The U.S. stock market will be closed on Monday in observance of Martin Luther King Jr. Day, so equity traders won't be able to immediately react to what President-elect Donald Trump says in his inaugural address. The bond market will also be closed.

Bond yields dipped for a third day on Friday, bringing some relief to investors after they watched the 10-year approach 5% in recent weeks.

U.S. stock indexes are closing their best week in two months with a flourish on Friday. The S&P 500 was 1.2% higher in midday trading and on track for its first winning week in the last three. The Dow Jones Industrial Average was up 447 points,

U.S. market averages extended gains on Friday, as market participants digested a busy first full trading week of 2025. Cooler-than-expected inflation data has set Wall Street on track for its best week since the election last year.