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US stocks closed in the green on Thursday with the S&P 500 (^GSPC) nabbing a fresh record close as investors stayed attuned to remarks from President Donald Trump, who addressed the World Economic Forum in Davos.
The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average (^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite (^IXIC) recovered from earlier losses to close up about 0.2%.
Nvidia (NVDA) shares capped off the trading day just above the flatline after its supplier SK Hynix (000660.KS) flagged uncertainty about chip demand this year, which also weighed on other related stocks throughout the session.
Investors are still digesting Trump’s early-days policy charge, which brought an AI push that invigorated tech names but left unclear when the outlined tariffs on big trading partners — a risk for inflation and stocks — might hit.
Meanwhile, investors remain focused on earnings after Netflix (NFLX) set the stage for next week’s Big Tech flurry.
On the data front, US jobless claims increased by 6,000 to 223,000, official figures released on Thursday showed. Economists had expected a reading of 220,000 for the week.
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