Major Indexes Are Higher After President Trump Indicated He Would Demand Reduced Interest Rates. Additionally, Oil Prices Fell After He Suggested He Would Ask OPEC to Bring Costs Down.
Last week, the number of people in the USA applying for unemployment benefits for the first time was 0.223 million, higher than expected.
In the week ending January 11, the number of people continuing to claim unemployment benefits increased by 46,000, seasonally adjusted to 1.899 million, also exceeding expectations, the highest since November 2021.
Benzinga Market Summary: S&P Rises, Oil Falls After Trump Indicates He Will Ask OPEC To Bring Costs Down, Chip Stocks On Watch Following Cautious Demand Outlook From SK Hynix
'Trump Team Considering Kyle Bass For A Treasury Or Defense Role' - Bloomberg News
USA Crude Oil Inventories 1.017M Barrel Draw Vs 2.100M Barrel Draw Est.; 1.962M Barrel Draw Prior
President Trump Says Putin Liked The Idea Of Cutting Way Back On Nuclear; Want To See Denuclearization And We Think That Is Very Possible