Stocks jumped to record highs on Thursday, with investors brushing off the latest Trump-Powell drama to focus on strong earnings and robust economic data.

The Nasdaq Composite was on track for a fourth-straight record close on Thursday, which would be the longest such streak for the index since Nov. 11, according to Dow Jones Market Data. The index was also on pace for its eighth record close of July,

The S&P 500 stock index and the Nasdaq Composite both closed at record highs on Thursday, as investors embraced strong economic data and earnings reports that showed American consumers remained willing to spend.

US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.

The S&P 500 and Nasdaq finished deeper into record territory on Thursday as investors cheered steady economic data, calm in the bond market and healthy corporate earnings. The S&P 500 added about 33 points,

Key Points The Nasdaq-100 Index performed very well in the month of June.The two top performers saw their prices increase nearly 5 times the index.Micron Technology and Arm Holdings were major winners for their shareholders.

Meta Platforms is shifting its focus and riding a powerful, bullish trend. Investors should consider the wide range of Meta stock price targets and formulate a strategy for all possible outcomes.

Microsoft (NASDAQ: MSFT) continues to provide investors with earnings beats and strong growth in its cloud, AI and gaming segments.

Two of the three big U.S. stock benchmarks were set for record closes in the final hour of trading, helped by a rally overseas, steadiness in the U.S. bond market and a bounce for tech stocks. The S&P 500 index was up 0.

Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.