The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.

The Dow Jones Industrial Average rose 334.70 points, or 0.78%, to 43,487.83, the S&P 500 gained 59.32 points, or 1.00%, to 5,996.66 and the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20.

Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday on the last day of Joe Biden's presidency as the stock market braces for change under Donald Trump.

US stock futures rose Thursday, lifted by a fresh slew of earnings releases and a revival of Federal Reserve policy-easing bets.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

US equity indexes fell in choppy midday trading Wednesday as investors weighed an unexpected drop in jobless claims with Federal Reserve Governor Christopher Waller's view that inflation remains on an easing trajectory.

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Federal Reserve governor Christopher Waller said Wednesday that he believes inflation is still trending lower, a backdrop that could allow the Fed to continue cutting interest rates this year.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

The Dow Jones Industrial Average rose 334.70 points, or 0.78 per cent, to 43,487.83. The S&P 500 added 59.32 points, or 1.00 per cent, to 5,996.66. The Nasdaq Composite Index increased 291.91 points, or 1.51 per cent, to 19,630.2.

U.S. stocks opened mostly lower on Wednesday morning, a day after rising Treasury yields triggered a sharp selloff on Wall Street. The Dow Jones Industrial Average was flat, at around 42,529 as of 9:30 a.