U.S. futures mixed after Trump reported to visit the Fed: Live updates

S&P 500 futures were small changed aboriginal Thursday aft the White House said that U.S. President Donald Trump will sojourn the Federal Reserve connected Thursday, escalating his unit run against Chairman Jerome Powell.

This is the archetypal clip successful astir 2 decades that an American president volition beryllium making an authoritative travel to the cardinal bank.

Futures tied to the S&P 500 scale were flat, portion Nasdaq 100 futures were astir 0.22% higher. Futures tied to the Dow Jones Industrial Average fell oregon 0.29%.

"Magnificent Seven" megacap stocks Alphabet and Tesla reported their net aft Wednesday's bell. Alphabet roseate 2% aft posting a second-quarter net and gross beat, portion Tesla was past down 4% successful volatile trading aft investors were disappointed by a drop successful car revenue for the 2nd consecutive quarter. IBM shares slipped 5%, weighing connected Dow futures, aft the company's 2nd 4th bundle gross missed expectations.

Earlier connected Wednesday, the S&P 500 added 0.78% to deed its 12th grounds adjacent of the year. The Dow Jones Industrial Average gained 1.14%, oregon 507.85 points — astir 4 points distant from a caller grounds close. The Nasdaq Composite roseate 0.61% and settled supra the 21,000 level for the archetypal time.

Stocks were boosted by much bullish developments connected the commercialized beforehand this week. On Tuesday night, President Donald Trump said successful a Truth Social post that his medication had reached a "massive Deal" with Japan, which includes 15% "reciprocal" tariffs connected goods from the nation.

The large averages besides caught a tailwind erstwhile the Financial Times reported that the U.S. was making advancement towards a woody with the EU. Bloomberg confirmed the progress, citing diplomats briefed connected the negotiations. This commercialized woody would present akin levies of 15% connected goods coming to the U.S. from the bloc.

These tariff developments could assistance support capitalist sentiment precocious from here, said Jeremy Siegel, Wharton School prof of concern and WisdomTree elder economist.

"We're opening to spot immoderate clarity present with these deals being made, and that's surely bullish. And surely that keeps the momentum going successful the banal market," helium said Wednesday afternoon connected CNBC's "Closing Bell."

Dow, Honeywell, American Airlines and Union Pacific are conscionable a fewer of the companies acceptable to study net Thursday earlier the bell. Traders volition besides ticker retired for play jobless claims data, the latest speechmaking connected July's purchasing managers' scale information and June's caller location sales.