FX.co ★ S&P 500, Nasdaq 100 Climb to New Highs

On Thursday, U.S. stocks climbed, spurred by encouraging corporate earnings and robust economic data, even as the markets set aside ongoing concerns about President Trump's criticism of the Federal Reserve and the revival of tariff threats. The S&P 500 and Nasdaq 100 both reached new record highs, increasing by 0.5% and 0.8%, respectively, while the Dow Jones advanced over 200 points, or 0.5%. Notably, retail sales in June surpassed expectations, rising by 0.6%, and weekly jobless claims fell to 221,000, marking their lowest in three months and underscoring consumer strength. United Airlines and PepsiCo were at the forefront of earnings-driven gains, with their shares soaring 6% and nearly 7%, respectively. Meanwhile, TSMC's shares rose 3.9% on the back of record profits, positively impacting other chipmakers such as Nvidia (+1.1%) and Marvell (+2.1%). Investors are now focused on Netflix's upcoming quarterly results, scheduled for release after the market closes.