Donald Trump oath ceremony is taking place on January 20 and the inauguration event will have an impact on US stock market.

The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,

After struggling for the past month, U.S. stocks got a boost this week as the latest inflation data rolled in. As a result, both the S&P 500 and Dow Jones Industrial Average were heading for their strongest advance since the week when President-elect Donald Trump won reelection.

The postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation.

Stocks closed sharply higher Friday, sending the S&P 500 and Dow Jones Industrial Average to their biggest weekly gains since the week of the November presidential election.

When 2024 came to a close, investors had every reason to smile. The iconic Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) ended the year higher by 13%, 23%, and 29%, respectively.

UBS expects the S&P 500 to reach 6,600 by the end of this year. In comparison, Citi, Morgan Stanley, Goldman Sachs and JPMorgan see the S&P 500 rising to a more measured 6,500 by year-end. Standing on the bullish side are Bank of America, which forecasts 6,666, and DWS, which predicts 7,000.

US stocks (^DJI, ^IXIC, ^GSPC) close the trading day mixed as President-elect Donald Trump's heightened tariff proposals weigh on equities and bond yields (^TYX, ^TNX, ^FVX). The Dow Jones Industrial Average rose by a quarter of a point.

The S&P 500 Trump-election rally has all but vanished ... How Likely Is It That the Stock Market Crashes Under President Donald Trump in 2025? Here's What History Tells Us.