S&P 500 near all-time high with focus on earnings, Trump comments
The benchmark S&P 500 rose to a near all-time high on Thursday, as investors assessed a mixed bag of corporate earnings and comments from President Donald Trump that offered little clarity on his highly anticipated trade policies. At the World Economic Forum in Davos, Switzerland, Trump told business leaders that he is working to reverse inflation, lower taxes and boost fossil fuels production in the U.S, but did not elaborate on his proposed tariffs. Uncertainty about Trump's trade plans has dominated the market's mood as the president said earlier in the week that tariffs on imports from Canada, Mexico, China and the European Union could be announced on Feb. 1.
