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President Donald Trump addressed business leaders at Davos.notched yet another fresh record on Thursday. The broad market index gained 0.5% for its fourth positive session in a row and its highest close since December 6.
For the week, the S&P is up more than 2%., while the Nasdaq Composite is up almost 2.2% and the Dow Jones Industrial Average is up nearly 2.5%. FollowU.S. President Donald Trump makes a special address remotely during the 55th annual World Economic Forum meeting in Davos, Switzerland, January 23, 2025. REUTERS/Yves Herman, detailing the impact of a chaotic 2024."Although we face near-term challenges, we took important steps to stabilize our business during the quarter," CEO Kelly Ortberg said in a news release., which has been raging across the U.S. this winter. A phase three trial of the shot is already underway, and results could be released as soon as this year. Norovirus is a nasty stomach bug that spreads easily, especially during the winter. The CDC reports norovirus outbreaks were up 36% this season as of mid-December.Exterior view of a Party City store on January 18, 2023 in Miami, Florida. Party City Holdco Inc. filed for Chapter 11 bankruptcy protection in a bid to restructure its heavy debt load after supply chain problems, rising inflation and a consumer slowdown have hurt sales. Store closures in the U.S. are spiking. More retail locations shuttered last year than any year since 2020, according to an analysis by Coresight Research, and the wave is expected to continue. The advisory firm projects 2025 closures to more than double 2024's total. CNBC's Melissa Repko looks at– CNBC's Yun Li, Christopher Hayes, Jeff Cox, Hugh Son, Dan Mangan, Christina Wilkie, Leslie Josephs, Angelica Peebles and Melissa Repko contributed to this report.
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