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.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday on the last day of Joe Biden's presidency as the stock market braces for change under Donald Trump.

The Dow Jones Industrial Average rose 334.70 points, or 0.78%, to 43,487.83, the S&P 500 gained 59.32 points, or 1.00%, to 5,996.66 and the Nasdaq Composite gained 291.91 points, or 1.51%, to 19,630.20.

U.S. stocks opened mostly lower on Wednesday morning, a day after rising Treasury yields triggered a sharp selloff on Wall Street. The Dow Jones Industrial Average was flat, at around 42,529 as of 9:30 a.

The Dow Jones Industrial Average and S&P 500 erased most of the morning's losses at midday Wednesday, but small caps were down sharply. Nvidia tested a key level after suffering a huge drop on Tuesday.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

Dow Jones and other indexes soared in the stock market today as investors await inauguration day on Monday. Bitcoin cleared $104,000.

The stock market briefly perked up Thursday morning as bond yields retreated in the wake of dovish comments from Federal Reserve Gov. Christopher Waller. The S&P 500 was only up slightly, but roughly 340 of its members were on the rise.

U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.

Federal Reserve governor Christopher Waller said Wednesday that he believes inflation is still trending lower, a backdrop that could allow the Fed to continue cutting interest rates this year.

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.

Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.