The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.

Stocks jumped to record highs on Thursday, with investors brushing off the latest Trump-Powell drama to focus on strong earnings and robust economic data.

Wall Street futures are trading little changed at this hour in the premarket session on Thursday (July 17). Dow Jones futures are trading 0.14% lower while S&P futures are trading near flatline. Nasdaq futures are trading 0.

Wall Street digested a surprisingly cool wholesale inflation reading and more big bank earnings, with one eye on Trump's latest tariff moves.

Stock futures are little changed Thursday as investors digest quarterly results from major companies and await further developments in President Donald Trump's feud with Federal Reserve Chair Jerome Powell.

Trump’s tariffs and trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

The S&P 500 rose 0.1%, while the Dow Jones Industrial Average added 151 points, or 0.3%. The Nasdaq Composite gained 0.2%, continuing its upward momentum for the week. PepsiCo shares surged over 5% after the company posted earnings that beat analyst forecasts.

The stock's rise snapped a three-day losing streak.

Investors soured on the sector when Elevance, an insurer, handed in disappointing results and shared a downbeat outlook.