S&P 500 Hits First Record Close of 2025 Following Trump's Davos Speech

President Trump calls for lower interest rates, reduced oil prices, and warns of tariffs in a speech to the World Economic Forum.

The S&P 500 rose over 0.5% to achieve its first record close of 2025, while the Dow Jones gained 0.9% and the Nasdaq closed slightly higher after earlier losses.
In a remote address to the World Economic Forum in Davos, President Trump demanded immediate interest rate cuts and urged OPEC to lower oil prices to address economic pressures.
Trump warned global businesses of tariffs on products manufactured outside the U.S., a move that has raised concerns about potential inflationary impacts.
Technology stocks wavered after a sharp rally earlier in the week, while power utility stocks gained following Trump’s comments on doubling energy capacity for AI operations.
U.S. jobless claims rose slightly to 223,000, exceeding the expected 220,000, as investors also monitored mixed corporate earnings results.