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Credit: S&P Global 1. Asian refiners expect limited OPEC+ cut impact on H2 term crude supply What’s happening? Saudi Arabia, Iraq, the...
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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. Stocks got a modest lift after Trump — speaking remotely in Davos, Switzerland, to powerful political and business leaders attending the World Economic Forum's annual meeting — called on OPEC to lower oil prices and made a demand for lower interest rates in the U.S. and around the world.
The Federal Reserve and other central banks aren't likely to hop to such a demand, while experts said it's possible Trump's remarks could help give OPEC an excuse to boost production. Perhaps more important to the market reaction, analysts said, is that Trump didn't significantly ramp up tariff threats, which may have provided some modest relief.
In the end, the S&P 500 added 32.34 points, finished the day up 0.5%, and closing at 6,118.71, according to FactSet data, surpassing its previous record finish of 6,090.27.
The Dow Jones Industrial Average rose 408.34 points, or 0.9%, ending at 44,565.07. That left it only 1% off its previous record close in early December, according to Dow Jones Market Data.
The Nasdaq Composite gained 44.34 points, or 0.2%, closing at 20,053.68, which was 0.6% away from its record close on Dec. 16.
Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday.
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