Wall Street drifted through mixed trading Thursday as rising fashion and cigarette stocks worked against drops for Ford Motor and Qualcomm. The S&P 500 rose 0.4% following healthy gains for stock markets across much of Europe and Asia.

Wall Street is mixed in light trading early as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada

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Wall Street shifted lower in early trading Wednesday as markets took in more corporate earnings reports while considering the impact of tariffs being imposed by the United States and China.

Shown below are year-end targets for the S&P 500 in 2025 set by various Wall Street banks and research firms. The chart also shows the implied upside or downside from the index's current level of 6,039. The list is by no means comprehensive, but most analysts expect the S&P 500 to move higher.

Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose earlier in the day

Asian shares were trading mostly higher Thursday, after a Wall Street rally that followed profit reports from major companies. Japan's benchmark Nikkei 225 gained nearly 0.2% in early trading to 38,888.

Wall Street is drifting as drops for Ford Motor and Qualcomm work against buoyant fashion and cigarette stocks. The S&P 500 slipped 0.1% Thursday following healthy gains for stock markets