Dow set to extend record run as Trump declares America 'a place to do business' at WEF
The Dow Jones Industrial Average on Friday looked set to open modestly higher as President Donald Trump delivered a speech at the World Economic Forum in Davos, Switzerland that invited companies to do business in America and indicated the the world's No. 1 economy wanted to do "fair and reciprocal" trade deals. Futures for the Dow Jones Industrial Average were up 54 points, or 0.2%, at 26,430, S&P 500 futures were up 0.3% at 2,850, while futures for the Nasdaq-100 were showing a gain of 0.5% at 6,966.25. Trump said "America first does not mean America alone" and promoted a wave of pro-business policies that he said has allowed the stock market to "smash record after record." The Dow , the S&P 500 and the Nasdaq Composite Index have mostly risen to all-time highs in January on the back of better-than-expected quarterly reports and in anticipation that Wall Street friendly legislations will boost economic growth and the market.