News

US stocks were mixed on Thursday in anticipation of Amazon's ( AMZN ) quarterly results, as investors assessed the earnings season so far and eyed President Donald Trump's fast-moving policy overhaul.

The Dow Jones Industrial Average ( ^DJI ) fell 0.3%. The S&P 500 ( ^GSPC ) rose more than 0.3%, and the tech-heavy Nasdaq Composite ( ^IXIC ) popped 0.5% on the heels of two winning days in a row for the major gauges.

The tariff jitters that shook stocks earlier in the week may have eased, but markets are tracking incoming earnings for any company warnings. At the same time, tech- and chip-related results are being scrutinized for signals about the strength of AI demand.

Investors were keenly awaiting Amazon's quarterly report due after the bell following Alphabet's ( GOOG , GOOGL ) cloud sales flop . The tech giant provided worse than anticipated first quarter sales guidance , sending shares down about 3%.

In other corporate news, Salesforce ( CRM ) stock slipped following the software giant's announcement on management changes. Honeywell ( HON ) shares fell after the conglomerate confirmed it will split into three companies.

Meanwhile, Treasury Secretary Scott Bessent relieved some pressure on the Federal Reserve , saying Trump wants to bring down 10-year Treasury yields to ease borrowing costs rather than push for lower interest rates. The benchmark yield ( ^TNX ) traded around its lowest levels since December, at about 4.43%.

On the economic front, jobless claims jumped to 219,000 last week, slightly above estimates of 213,000. The reading came ahead of the monthly jobs report on Friday as investors search for clues to Fed decision making amid the risk of an uptick in inflation .