NEW YORK: 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.
At the World Economic Forum in Davos, Switzerland, Trump demanded that Opec lower oil prices and that central banks reduce interest rates, while he warned global business leaders they will face tariffs for products made outside of the US While investors have been cautiously monitoring Trump's comments about tariffs, they "like the idea of interest rates coming down, of oil prices coming down," said Lindsey Bell, chief strategist at 248 Ventures.
