U.S. equity market averages advanced Friday, drawing Wall Street toward its best week since the 2024 election, with stocks largely bolstered this week by cooler-than-expected inflation data.  The benchmark S&P 500 (SP500) +1.

Can they regain momentum after Trump takes office? Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb.

That marked its best weekly gain since a 4.7 per cent rise in the five sessions to November 8, when Trump’s election win raised hopes that tax cuts and deregulation under the incoming administration would boost corporate America.