The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.

Wall Street rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.

Wall Street closed its third winning week in the last four with a quiet finish. The S&P 500 edged down by a whisper, less than 0.1%, on Friday after setting

The S&P 500 was up 0.1% in early trading Thursday. The Dow Jones Industrial Average was up 81 points, and the Nasdaq composite added 0.1% to its record set the day before. PepsiCo rose 7% after the beverage and snack giant’s second-quarter sales and profit topped Wall Street projections.

U.S. stock index futures barely budged on Thursday, as results from Taiwan's TSMC failed to shake investors from their cautious mood following a rollercoaster session marked by concerns about the Federal Reserve's independence.

The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a group of Republicans that had blocked a procedural vote that would have advanced crypto legislation, to convince them to let the legislation advance. Odds of Powell being fired surged to 40% on prediction market Kalshi.