US stocks struggled on Friday to pick up on the recent rally as investors filtered through the latest batch of earnings and weighed Donald Trump's hints at a softer stance on China tariffs. President Trump's call at Davos for cuts to US interest rates,

"I'll demand that interest rates drop immediately and likewise they should be dropping all over the world," Trump said to business leaders from around the world. The yield on the 10-year U.S. Treasury note retreated from its intraday high of 4.664% following Trump's comments but closed at 4.648%, up from 4.599% on Wednesday.

Before the election, the Republican pretended he was solely responsible for Wall Street’s upswing. Now that markets are struggling, that’s a problem.