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Trump Comments Leave Equity Markets Mixed
Jan 23, 2025 1:19 PM

03:50 PM EST, 01/23/2025 (MT Newswires) -- US benchmark equity indexes were mixed ahead of Thursday's close as markets weighed President Donald Trump's remarks on interest rates and oil prices.

The Dow Jones Industrial Average was up 0.7% at 44,461.4, while the S&P 500 rose 0.2% to 6,100.3. The Nasdaq Composite fell 0.1% to 19,982.7. Barring technology, all sectors were higher, led by health care and industrials.

Trump said he's going to ask Saudi Arabia and the Organization of the Petroleum Exporting Countries to bring down the cost of oil.

"If the price came down, the Russia-Ukraine war would end immediately," he said. "With oil prices going down, I'll demand that interest rates drop immediately, and likewise, they should be dropping all over the world."

West Texas Intermediate crude oil was down 1.5% at $74.31 a barrel.

The US 10-year yield was up 4.1 basis points at 4.64%, while the two-year rate fell 1.2 basis points to 4.29%.

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