President Donald Trump's cabinet is often referred to as "The Avengers," with each member being accomplished in their field of expertise. Trump’s cabinet has an overwhelming number of successful businessmen and businesswomen who were leaders in the business world prior to entering the government.

Trump’s executive orders included overhauls to U.S. trade policy and declaring a national emergency at the southern border.

As the week comes to a close, the financial world has been buzzing with a flurry of news. From the White House to Wall Street, major developments have been shaping the economic landscape. Here’s a quick recap of the top stories that made headlines this week.

The U.S. stock market is closed today, January 20, 2025, in observance of MLK Day—coinciding with Donald Trump's presidential inauguration.

By sector, stocks of space-related corporations rose after President Trump declared he would plant the U.S. flag on Mars. The stock price of Intuitive Machines soared 24% to $22.94, while Rocket Lab closed at $31.27, up 30.29%.

ET, Dow E-minis were down 98 points, or 0.22%, S&P 500 E-minis were down 4.5 points, or 0.07%, and Nasdaq 100 E-minis were down 5.75 points, or 0.03%.

Ackman recently took activist investing to an even higher level. He wants -- and expects -- President-elect Donald Trump to make two stocks in his Pershing Square Capital Management portfolio big winners. Both stocks have already delivered gains of more than 6x in the last 12 months.

Oil prices have remained relatively rangebound following Trump's first week in office despite a significant amount of media noise and political news.

Stocks have had a tepid reaction to presidential inaugurations, although this time could be different given Trump's potential to be unpredictable and ability to shake up markets with his commentary.

Donald Trump and JD Vance take office today on Inauguration Day. Is the stock market open or closed? See the holiday schedule.

Shares of Flowco Holdings opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion.

Trump's sweeping policy changes, cooling US Core CPI inflation data for December, a resilient economy, and a strong earnings season played a key role in the S&P500's rapid climb.