Major indices were mostly higher early on Thursday as market participants digested quarterly earnings from several big-name tech firms.
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Stocks took a leg up after Trump said Thursday in a virtual address to the World Economic Forum that he would “demand that interest rates drop immediately.”
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.
Wall Street was mixed in premarket trading on Thursday as major U.S. airlines stumbled and health insurance companies soared.
The S&P 500 climbed to a fresh record on Thursday, driven by President Donald Trump’s calls for immediate interest rate cuts and cheaper oil prices.
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Stock futures were higher as investors digested big tech earnings results. An American Airlines flight carrying 64 people collided midair with a military helicopter. The Federal Reserve left its key interest rate unchanged.
The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.
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Sources: FactSet, Dow Jones Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet ...