Key Takeaways Stocks on Friday were on track to have their best week since early November as investors bid up equities after this week's reassuring inflation data and ahead of Donald Trump's inauguration next week.

Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term.

The dollar weakened ahead of the inauguration, as the Trump administration signaled that new tariffs would not be imposed on the new president's first day in office. Start the day smarter. Get all the news you need in your inbox each morning.