FX.co ★ S&P 500 Closes at Fresh High

On Thursday, U.S. stocks closed with mixed results as investors shifted their attention from President Trump's recent tariff declarations to focus on robust corporate earnings and all-time high gains. The S&P 500 advanced by nearly 0.3%, achieving a new record, and the Dow Jones Industrial Average increased by 192 points. Conversely, the Nasdaq 100 experienced a slight decline of 0.1%. This positive market sentiment persisted despite Trump's announcement of a 50% tariff on Brazilian imports and confirmed similar duties on copper and other products beginning August 1. Investors remained optimistic as Nvidia's shares rose by 0.7%, marking a milestone with the company becoming the first publicly traded entity to exceed a $4 trillion market valuation, reinforcing the excitement surrounding AI-driven technologies. Tesla's stock jumped 4.7% following the news of expanding its robotaxi services and the forthcoming integration of xAI’s Grok chatbot into its vehicles. Delta Air Lines saw a 12% surge in its stock after it reaffirmed its full-year earnings forecast, attributing this to enhanced clarity on trade agreements, leading to a parallel rally among competitors such as United and American Airlines. Additionally, a decline in weekly jobless claims to 227,000 suggested a steady yet gradually cooling labor market.