The benchmark S&P 500 and the Nasdaq struggled for direction on Friday, as investors avoided big bets and assessed fresh data to gauge the health of the economy, while Boeing dipped after issuing a quarterly profit warning.
Oil prices fell after Trump's comments, while the 10-year US Treasury yield rose, signaling that Trump may have less influence on interest rates.
Stocks took a step up after Trump said in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”
Trump's words are moving mountains—and markets. The S&P 500 surged to an all-time high of 6,118.71, breaking its previous December record of 6,090.27.
Stocks ended mostly higher Thursday, with the S&P 500 notching its first record finish since Dec. 6 — and its first of President Donald Trump's second term. It didn't take much, after the large-cap benchmark ended just shy of a record in Wednesday's session.
World shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. Oil prices fell after U.S. President Donald Trump called on oil-producing countries to reduce the price of crude,
Investors are keeping an eye on the 10-year Treasury yield, which has been rising on the back of strong corporate earnings. BlackRock CEO Larry Fink said Thursday that Trump's efforts to unleash capital in the private sector could stoke inflationary pressures and prompt the benchmark 10-year rate to retest the 5% level.
The S&P 500 climbed 0.5% to surpass its record ... about the prospect of tariffs in a speech by video at the World Economic Forum, saying products made outside of the United States will be subject ...
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.
U.S. stocks are drifting around a record amid a relatively quiet day on Wall Street. The S&P 500 rose 0.2% Thursday and was on track to squeak past its all-time
The S&P 500 was up slightly Thursday, gaining enough ground to put the large-cap benchmark on track for a record close if the advance holds. The S&P 500 was up around 12 points, or 0.2%, near 6,099 with around two hours left in the trading session.
Stocks finished higher, with the S&P 500 closing at a fresh record, amid optimism over the new administration of President Donald Trump. The S&P 500, which also posted an intraday high for the second day in a row, gained 0.53% to close at 6,118.71, outpacing its prior all-time closing high of 6,090.27 recorded in early December.