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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Trump's Davos Speech, Stargate AI Plan, and Robust Earnings Lift S&P 500 To All-Time High

Donald Trump threatened steep tariffs for businesses manufacturing outside the US. (Credit: AFP News)

The S&P 500 rose to an all-time high of 6,104 at 1:25 a.m. ET on 23rd January as US President Donald Trump called for lower interest rates, urged OPEC to drop oil prices, and warned global businesses of steep tariffs if they manufacture outside the US during his remote speech at the World Economic Forum in Davos.

"I'll demand that interest rates drop immediately. And likewise, they should be dropping all over the world," the Republican said. "I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil."

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