Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.

The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.

Christopher Waller. The Nasdaq Composite was down 0.1%. The Dow was down 82 points, or 0.2%, but that was because of UnitedHealth Group’s 4.7% slide, which shaved 155 points off the blue-chip index.

Fed-funds futures traders inched closer to an almost 50% chance that the Federal Reserve will cut its benchmark interest rate by May, after Fed governor Christopher Waller told CNBC he sees a possibility of three to four reductions this year.

US stock futures rose Thursday, lifted by a fresh slew of earnings releases and a revival of Federal Reserve policy-easing bets.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,

Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.

4, according to Dow Jones Market Data ... markets Yields turned broadly lower on Thursday after Fed Gov. Christopher Waller spoke with CNBC and opened the door to the possibility of three to ...

Dow Jones Industrial Average futures climbed 80 points, or 0.2%. Contracts tied to the S&P 500 and Nasdaq 100 were also up 0.2%. Bond yields were retreating again after Waller boosted the market ...

Investors are coming off a strong session after a moderate improvement in core inflation in December’s consumer price index spurred a risk-on rally.

The Fed’s preferred inflation gauge, the personal-consumption-expenditures price index, rose 2.4% in November from a year earlier. Excluding volatile food and energy, the gauge rose 2.8%.

US stocks ended higher on Friday, driven by gains in big tech and chip companies, reported Xinhua. The Dow Jones Industrial Average rose 334.70 points, or 0.78 per cent, to 43,487.83. The S&P 500 added 59.

Things left unsaid during Donald Trump's presidential inauguration speech and accompanying festivities Monday appeared set to give U.S. stocks a lift, while pulling down the dollar and U.S. Treasury yields. Bitcoin, which soared to a record above $109,000 early Monday, was also pulling back.