S&P 500 clinches first record close of 2025, Dow pops after Trump takes spotlight at Davos

Trump: ‘I’ll demand that interest rates drop immediately’

President Trump said he will demand that interest rates drop in the US.

“I’ll demand that interest rates drop immediately, and likewise, they should be dropping all over the world. Interest rates should follow us,” Trump said remotely at the World Economic Forum in Davos, Switzerland.

The Dow Jones Industrial Average (^DJI) moved to a session high, up 0.5% while the S&P 500 (^GSPC) gained 0.2%. The Nasdaq Composite (^IXIC) fell slightly.