Dow Jones jumps 408 points as S&P 500 hits record high

NEW YORK, New York - U.S. stocks rose sharply on Thursday as newly-installed President Donald Trump said he would demand the Federal Reserve lower interest rates, and commented that interest rates all over the world should be reduced. The Standard and Poor's 500 closed at a record high, while the Dow Jones index jumped more than 400 points.

"He really can't control interest rates, but the market likes to hear tha