A benign December inflation report was all it took to ignite another strong rally on Wall Street, with major indices delivering their best weekly performance since the post-election surge in early November.

West Texas Intermediate (WTI) was trading in the $90 range, but since a peak of $83.57 in late April, the price for the benchmark giant has traded flat for the past five months until ripping higher recently to $79.

Wall Street paused, with stocks ending little changed. Strong bank earnings keep rolling in and Trump's Treasury pick fields Senate questions.

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Despite underperforming in the last 12 months, AMD stock still commands significant confidence among Wall Street analysts.

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Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.

U.S. stocks dipped on Thursday as a jump in the prior session cooled, while investors eyed the most recent corporate earnings and gauged economic data to determine the path of Federal Reserve rate cuts.

Wall Street's main indexes rose on Friday, with the S&P 500 and the Dow on track to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming Trump administration.