U.S. stock indexes are rallying toward the close of their best week in two months. The S&P 500 rose 1.1% Friday.

Stocks closed out the week with a bang as Treasury yields retreated from recent highs. Optimism is swirling ahead of President-elect Donald Trump's inauguration on Monday, which also happens to be a stock market holiday. Indeed, both the equities and bond markets will be closed in observance of Martin Luther King Jr. Day.

Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.

U.S. stock indexes are tacking on some more gains as they head toward the close of their best week in two months. The S&P 500 was 0.9% higher in early

Wall Street was heading for more gains before the open on Friday as markets try to log their first winning week of 2025 on the final day of trading during the Biden presidency. Futures for the S&P 500 climbed 0.