US stocks advanced on Thursday, supported by upbeat earnings and solid economic data as markets brushed aside lingering concerns over President Trump's criticism of the Fed and renewed tariff threats.
The S&P 500 and Nasdaq 100 rose 0.5% and 0.8%, respectively both notching new record highs while the Dow Jones gained over 200 points, or 0.5%.
Retail sales rebounded by 0.6% in June, beating expectations, and weekly jobless claims dropped to 221,000, the lowest level in three months, highlighting consumer resilience. United Airlines and PepsiCo led earnings-driven gains, with shares jumping 6% and nearly 7%, respectively.
TSMC surged 3.9% on record profits, lifting chipmakers including Nvidia (+1.1%) and Marvell (+2.1%). Investors are now eyeing Netflix's quarterly results due after the close.
Source: Trading Economi
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