FX.co ★ US Stocks Little Changed

On Thursday, the three major U.S. stock indices remained close to steady, following the Nasdaq's recent record high. Investors considered recent trade updates and attempted to disregard new tariff threats. President Trump announced a 50% tariff on Brazilian imports and confirmed the implementation of a 50% tariff on copper imports starting August 1st. On the economic front, initial jobless claims unexpectedly dropped to 237,000 last week, while continuing claims increased to 1.965 million, marking the highest level since 2021. This data suggests a labor market that remains robust but is showing signs of slowing down. In corporate news, Nvidia's shares rose by 0.4%, adding to the previous session's 1.8% increase that elevated its market capitalization to $4 trillion. This surge was driven by ongoing AI enthusiasm and reports that Nvidia plans to introduce a new AI chip specifically for China. Meanwhile, Delta Air Lines experienced a more than 10% rise after announcing stronger-than-anticipated earnings.