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.

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 afternoon trading and on track for its first winning week in the last three. The Dow Jones Industrial Average was up 454 points,

Wall Street started higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.

BMO Capital Markets forecasts the S&P 500 will reach 6,700, reflecting a gain of 13.2%. Chief investment strategist Brian Belski said he and his team "remain resolutely bullish," but expect "performance and fundamentals will more closely match the historical norms -- namely, in the high-single digit/low-double-digit percentage range in 2025."

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 index futures ticked up 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.