The threat of nuclear war seems higher than it has in ages, but the stock market wants what wants—and it wants to go higher. The S&P 500 rose more than 0.5% on Thursday and is less than a percentage point away from adding to the more than 50 record highs its hit this year.

World stocks are mixed despite gains on Wall Street, as worries mount over escalations in the Russia-Ukraine war.

Oil prices climbed more than 2% on Thursday as Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in U.S. crude inventories. Brent crude futures rose $1.

Stocks are set for a cautious open Thursday following Nvidia's highly-anticipated third quarter earnings report.