Stocks closed sharply higher Friday, sending the S&P 500 and Dow Jones Industrial Average to their biggest weekly gains since the week of the November presidential election.

The Dow Jones Industrial Average (DJIA) added over a full percentage point in value on Friday, climbing around 500 points and vaulting back over 43,500 as market expectations for further rate cuts increased.

Dow Jones futures rose Friday after key economic data. Apple, Nvidia stock and Tesla rebounded from Thursday's heavy losses.

The Dow Jones Industrial Average (DJIA) struck a middling tone on Thursday, churning around the 43,200 handle and testing down around 100 points on the day. Price action is hung up on the 50-day Exponential Moving Average (EMA), and investors await any sign of data that could signal a faster pace of rate cuts from the Federal Reserve (Fed).

The Dow Jones Industrial Average is rallying Friday morning with shares of NVIDIA Corp. and Salesforce seeing positive momentum for the blue-chip average.

Major U.S. stock indexes were on course to post strong weekly gains in late-afternoon trading Friday, with the Dow Jones Industrial Average leading the way up. The Dow was on pace to rise 3.8% this week,

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A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The S&P 500 and Nasdaq Composite likewise added 1.7% and 2.3%, respectively, while the Dow Jones Industrial Average rose 725 points, or 1.7 percent.

Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.

It has been an astounding run from the depths of the pandemic last spring when the blue chip index bottomed out just above 18,000.

The Dow Jones Industrial Average, or simply the Dow, is one of the most well-known and influential stock market indices globally.

SLB helped lead the market after the provider of services to oilfields delivered bigger profit and revenue for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.