Wall Street Climbs Ahead Trump Executive Orders

Wall Street's main indexes saw significant gains on Friday as investors geared up for Donald Trump's inauguration, forecasted to bring a wave of policy changes. The S&P 500 and Dow Jones are expected to log their largest weekly increases since November, driven by optimism surrounding Trump's proposed tax cuts, tariffs, and economic policies. Analysts noted that better-than-expected earnings from major banks and signs of cooling inflation contributed to this bullish sentiment. However, there are concerns that Trump's tariff and immigration plans could trigger inflationary pressures, prompting the Federal Reserve to reconsider its monetary policy stance. Bitcoin also surged ahead of Trump's potential executive order prioritizing cryptocurrency, trading above $100,000. As the markets await Trump's inauguration on Monday, investors remain cautious yet hopeful about the economic implications of his administration's policies.