With this being said, Wall Street's bull market is on the cusp of unwanted history. Arguably, the best valuation tool that allows for the clearest apples-to-apples comparisons is the S&P 500's Shiller price-to-earnings (P/E) ratio. You'll also find the Shiller P/E referred to as the cyclically adjusted P/E ratio ( CAPE ratio ).

Wall Street pointed slightly lower in early trading Friday but remains on track to close the week with solid gains with major corporations turning in largely healthy earnings reports. Futures for the S&P 500 ticked down 0.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies. The S&P 500 rose 0.6% higher in early Tuesday trading, as many markets around the world took tentative steps following Donald Trump’s return to the White House.

Shares of Meta Platforms ( META 1.74%) and Salesforce ( CRM -0.23%) soared 350% and 115%, respectively, over the last two years. That price appreciation makes both companies stock-split candidates in 2025. More importantly, Wall Street is generally bullish on Meta Platforms and Salesforce, and certain analysts anticipate material upside.

U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week. The S&P 500 slipped 0.3% a day after setting a record. The Dow Jones Industrial Average dipped 140 points,