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

  • Ines Ferré

    S&P 500, Nasdaq waver as tech struggles

    US stocks were mixed on Thursday, pulling back from near record levels as the markets awaited a speech from President Trump at the World Economic Forum.

    The S&P 500 (^GSPC) slipped roughly 0.2%, coming off a record intraday high on Wednesday, while the Dow Jones Industrial Average (^DJI) was little changed.

    Meanwhile, the Nasdaq Composite (^IXIC) fell 0.5% as tech stocks struggled. Nvidia (NVDA) shares slipped, along with those of Apple (AAPL) and Google parent Alphabet (GOOG, GOOGL).

    Investors are still awaiting new developments on the tariff front. Trump is expected to remotely give an address to the WEF in Davos later in the day.

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