Overview

• 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.