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Live Stock Financial Podcast. What are you watching on the market?
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Wall Street Today: S&P 500 Closes at Record, Trump Keeps Appearing on TV

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Kevin Travers joined discussion · Jan 24 05:07
Wall Street Today: S&P 500 Closes at Record, Trump Keeps Appearing on TV
Overall, the market climbed Thursday, with the S&P 500 hitting fresh highs above 6,118 right up until the closing bell,  reaching an all-time high closing value. Trump, speaking seemingly incessantly since he took office, spoke twice Thursday about tariffs and inflation.
Just past 4 pm ET the     $S&P 500 Index (.SPX.US)$ traded +0.53%, the         $Dow Jones Industrial Average (.DJI.US)$ climbed 0.92%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.22%.
MACRO
US continuing jobless claims came in 40,000 higher this week, the highest in six weeks, according to data Thursday morning. The BLS found that it takes a lot longer for recently unemployed people to find a job and that weekly unemployment numbers are rising to the highest point since 2018 if the pandemic years are excluded.
Trump spoke in an address to the World Economic Forum in Davos, Switzerland. He made a myriad of typical stump speech claims as if he were still running for office. He called out the FOMC, stating his intent to get interest rates lowered ASAP, in a step to combat what he said was the worst inflation in U.S. History.
SECTORS
Elsewhere in the economy,   $NVIDIA Portfolio (LIST20882.US)$ firms were falling back 7%, dropping their Wednesday gains after infighting and a lack of concrete news for the Stargate plan kept stocks from holding on to their positions.
Elsewhere the economy, $Crude Oil Futures(APR5) (CLmain.US)$ turned lower Thursday after President Donald Trump asked Saudi Arabia and the OPEC+ to lower prices. Futures prices fell 1.54% to $74/barrel.
"I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil," Trump said at Davos.
Wall Street Today: S&P 500 Closes at Record, Trump Keeps Appearing on TV
Gold and silver climbed, and longer-term treasuries fell while the 2-year climbed.   $Bitcoin (BTC.CC)$ broke through $106k briefly before falling back.
MOOVERS
$GE Aerospace (GE.US)$ climbed 6% Thursday, the highest percentage gainer on the S&P 500 after the firm reported better-than-expected fourth-quarter earnings, sales of $9.9 billion, and good 2025-year guidance.
$Electronic Arts Inc (EA.US)$ fell 17% Thursday after the firm slashed its sales guidance for the year and reported underperforming Fifa soccer game sales. The firm is reporting results on February 4th, but expected bookings in the quarter to fall to $2.22 billion, from a low-end expectation of $2.4 billion. It was the lowest percentage decliner on the S&P 500.
$American Airlines (AAL.US)$ fell 9% after the firm forecast a 2025 fiscal year below expectations based on rising jet fuel prices and poor sales. The firm expects a Q1 net loss, despite a revenue climb.
$Alaska Air (ALK.US)$  meanwhile climbed 4% Thursday after reporting quarterly sales above estimates. They said winter weather was much nicer for business this year up north. They should tell that to the snow hitting Florida and New Orleans this week.
$AST SpaceMobile (ASTS.US)$ shares are tumbling more than 13% after the firm announced the private sale of $400 million worth of convertible senior notes Wednesday after the market closed.
$Texas Instruments (TXN.US)$ reported quarterly earnings of $1.30 per share, which beat the analyst consensus estimate of $1.20. This is a 12.75 percent decrease over earnings of $1.49 per share from the same period last year, the ninth straight quarter of decline, according to Bloomberg.
Word from the herd: Mooers, what are you watching?  
A dog rang the opening bell of the NYSE Thursday- the mascot of a crypto project that I do not condone or support, (it looks like a complete scam,) but man, what a cute dog.
Wall Street Today: S&P 500 Closes at Record, Trump Keeps Appearing on TV
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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