Risk appetite surged on Wall Street at the end of the week, with investors ramping up stock purchases ahead of Monday’s market closure for Martin Luther King Day, which is also when Donald Trump will be sworn in as the 47th U.S. president.
All major indices posted robust gains in midday trading, setting up for their strongest weekly performance since early November. Broad-based buying lifted every sector into the green, underscoring the strength of the rally.
Adding to the positive mood, the Israeli Security Cabinet approved a ceasefire deal with Hamas in Gaza, leaving final government approval as the last step before the agreement takes effect on Sunday.
Chipmaker Intel Corp. (NASDAQ:INTC) soared 8.9%, marking its biggest single-day jump since August 2024. The rally …
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