Stocks traded mostly higher after President Trump, while being interviewed at the World Economic Forum in Davos, said he would “demand that interest rates drop immediately.” Trump didn’t mention the Federal Reserve in his comments,
Major US stock indices moved in opposite directions early Thursday following mixed earnings as markets looked ahead to a Davos address from President Donald Trump.
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Stock futures are mixed early Thursday morning, with Dow futures (YM=F) in the green. Investors are eagerly awaiting comments from President Donald Trump, who is set to virtually address World Economic Forum attendees at 11 a.
The benchmark S&P 500 rose to a record closing high on Thursday, as investors assessed a mixed bag of corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices.
The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.
Wall Street stocks finished higher Thursday, shrugging off early weakness as investors digested President Donald Trump's remarks to the World Economic Forum in Davos.
"I'll demand that interest rates drop immediately and likewise they should be dropping all over the world," Trump said to business leaders from around the world. The yield on the 10-year U.S. Treasury note retreated from its intraday high of 4.664% following Trump's comments but closed at 4.648%, up from 4.599% on Wednesday.
The CEO of Germany's Merck KGaA said a recovery in sales growth at its existing business means it can take a cautious approach when it comes to buying other companies, which are expensively priced.
GE Aerospace's stock is surging 6.8% after its upbeat earnings report, and was heading for the highest close since October 2007. The company, formerly known as General Electric u
Read about the market's reaction to President Donald Trump's speech in Davos, Switzerland where he called for lower rates and cheaper oil, as well as how corporate earnings were received and other developments on Thursday.
US stock futures traded mostly lower Thursday, easing from record highs ahead of a speech by Donald Trump at Davos later in the session and as the earrings season continues. Here are some of the biggest premarket US stock movers today: Electronic Arts (NASDAQ:EA) stock slumped 16% after the video game maker cut its bookings guidance for the third quarter and the full year following weaker demand for its soccer franchise,