S&P 500 hits closing record as Trump demands lower rates

STORY: The S&P 500 notched a record closing high on Thursday as investors parsed a mixed bag of earnings and tough talk on interest rates and tariffs from President Donald Trump.

The Dow gained more than nine-tenths of a percent, the S&P added more than half a percent and the Nasdaq ticked up more than two-tenths of a percent.

Speaking from Washington to the World Economic Forum in Davos, Switzerland, Trump demanded that central banks across the globe lower interest rates.

That included the U.S. Federal Reserve, which is not expected to cut rates at next week’s policy meeting.

He also called for cheaper oil and threatened tariffs for goods not made in the U.S.

“Trump’s comments in Davos show he’s going to be a very active president.”

Michael Landsberg is chief investment officer at Landsberg Bennett Private Wealth Management.

“He’s talking about some things that are more market-oriented’. He has kind of been a business president. I think this is not inconsistent with that talk. And I think people are excited about a regime that’s going to be looking at kind of the bottom line in terms of stocks and in companies. And I think that’s a positive. And at least for the time being, I think the market’s going to react to that.”

All 11 S&P 500 sectors ended with gains.

Among individual movers, shares of GE Aerospace climbed 6.6% after the company forecast 2025 profit above estimates.

Shares of Electronic Arts sank 16.7% after the video game publisher cut its forecast for annual bookings.

And American Airlines shares dropped 8.7% after it forecast 2025 profit below expectations.

This article was originally published by a finance.yahoo.com . Read the Original article here. .