U.S. stocks are rallying Friday to trim their losses in what had been one of the market's roughest weeks of the year. The S&P 500 climbed 1.2% and was on track for its best day in six weeks after erasing an early drop.

After back-to-back years of more than 20% returns for the S&P 500, what's in store for 2025? Most on Wall Street say more gains.

Wall Street is making history in more ways than one. This has been nothing short of a banner year for Wall Street. Whereas the stock market has historically delivered average annual gains of around 10%,