S&P 500 clinches first file shut of 2025, Dow pops after Trump takes highlight at Davos

US shares closed within the inexperienced on Thursday with the S&P 500 (^GSPC) nabbing a contemporary file shut as traders stayed attuned to remarks from President Donald Trump, who addressed the World Financial Discussion board in Davos.
The broad based mostly index completed the buying and selling day up over 0.5%, securing its first all-time closing excessive of 2025. The Dow Jones Industrial Common (^DJI) popped round 0.9% however was unable to safe its personal file, whereas the Nasdaq Composite (^IXIC) recovered from earlier losses to shut up about 0.2%.
Nvidia (NVDA) shares capped off the buying and selling day simply above the flatline after its provider SK Hynix (000660.KS) flagged uncertainty about chip demand this yr, which additionally weighed on different associated shares all through the session.
The main target turned to Trump’s distant speech on the World Financial Discussion board in Davos for extra perception into his commerce coverage. The president stated he’ll “demand that rates of interest drop instantly.” He additionally stated he’ll ask OPEC to deliver down the value of oil.
On the tariff entrance, the president supplied a warning to firms. “Should you do not make your product in America, which is your prerogative, then very merely you’ll have to pay a tariff — differing quantities, however a tariff.”
Traders are nonetheless digesting Trump’s early-days coverage cost, which introduced an AI push that invigorated tech names however left unclear when the outlined tariffs on large buying and selling companions — a danger for inflation and shares — would possibly hit.
In the meantime, traders stay centered on earnings after Netflix (NFLX) set the stage for subsequent week’s Large Tech flurry.
On the information entrance, US jobless claims elevated by 6,000 to 223,000, official figures launched on Thursday confirmed. Economists had anticipated a studying of 220,000 for the week.
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