Major US stock indices moved in opposite directions early Thursday following mixed earnings as markets looked ahead to a Davos address from President Donald Trump.

Stocks rose to their highs of the day after President Donald Trump, while being interviewed in Davos, said that he would "demand" the Fed lower interest rates. The S&P 500 was up 0.1%, while the Dow had gained 0.

US stocks were subdued at the open after this week's rallies pushed the S&P 500 to a record. Investors will eye trade clues from Trump's Davos speech.

President Trump doubled down on the prospect of across-the-board tariffs in a video appearance to business executives and politicians gathered in Davos, Switzerland.

In a virtual speech broadcast to world leaders at Davos, US President Donald Trump today put forward several pledges for his second term, including promises to battle government spending, “economic chaos” and increased public borrowing.

The dollar rose ahead of remarks from Trump at the World Economic Forum in Davos, and he could potentially tariff countries trying to enact the OECD’s Global Minimum Tax—clearly something on the mind of his tech industry sponsors,