Earnings Report

Yellen, the former Federal Reserve chair, appeared before the Senate Finance Committee for her confirmation hearing.

Goldman Sachs Group reported strong fourth-quarter results bolstered by record revenue from deal making and the best trading environment in a decade.

The CEO's hypothesis, if borne out, would mean welcome relief from a grim downturn accompanying a pandemic that has killed more than 388,000 Americans, shuttered hundreds of thousands of small businesses and sent unemployment skyrocketing.

Wells Fargo & Co. reported fourth-quarter earnings that were mixed, as the company continues to be hampered by the coronavirus pandemic, as well as ongoing issues at the bank.

Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves

In the first quarter, the Atlanta-based airline expects revenue to fall by 60% to 65% from a year ago and its scheduled flight capacity to shrink by 35%.

JPMorgan, Wells Fargo and Citigroup report earnings on Friday.

Investors treaded lightly as the House of Representatives prepared to impeach President Trump for a second time.