Wall Street reached record highs on Thursday, fueled by positive economic news and mixed profit reports. The S&P 500, Dow Jones, and Nasdaq all saw gains. Taiwan Semiconductor Manufacturing Co. reported a 61% increase in net income, driving tech stock increases. PepsiCo and United Airlines also saw positive results, while Abbott Laboratories and Elevance Health faced losses. Lucid Group’s stock surged after announcing a partnership with Uber. Treasury yields were mixed, with reports indicating increased consumer spending and reduced unemployment claims. The Federal Reserve may maintain interest rates due to strong economic data. Bond markets reacted to uncertainty surrounding Fed chair Jerome Powell’s position. International markets also saw gains.

Read more at Yahoo Finance: Wall Street cruises to more records as PepsiCo and tech stocks rally