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Boston Herald
Boston Herald
18 Jan 2025
Boston Herald Wire Services


NextImg:Wall Street finishes its best week since Trump’s election with a rally

U.S. stock indexes rallied to close out their best week in two months. The S&P 500 rose 1% Friday. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite gained 1.5%.

SLB helped lead the market after the provider of oilfield services said it will deliver more cash to its shareholders through dividends and a stock buyback. Big Tech also lifted the market amid hopes the Federal Reserve may cut interest rates later this year. Treasury yields held relatively steady in the bond market after sharp drops earlier in the week helped boost stocks.

Ronald and Nancy Reagan were disappointed, but felt they had no choice. That’s what White House Press Secretary Larry Speakes told reporters on Jan. 18, 1985, after the Republican president and first lady decided to hold his second inauguration indoors because there was an unusually cold weather forecast.

President-elect Donald Trump’s decision to be sworn in under the Capitol Rotunda on Monday, when below-freezing temperatures are again expected, recalls the last time cold weather prompted a similar decision.

South Korea’s impeached president, Yoon Suk Yeol, has been formally arrested, days after being apprehended at his presidential compound in Seoul, as he faces possible imprisonment over his ill-fated declaration of martial law last month. It could mark the beginning of an extended period of custody for him.