U.S. stocks closed higher on Wednesday, with the S&P 500 edging up after President Donald Trump denied reports suggesting he was preparing to fire Federal Reserve Chairman Jerome Powell. At the close of trading,

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Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Benchmark indices Nifty and Sensex ended flat after a rangebound day on July 16, helped by gains in auto, financials, IT and realty stocks, as the 50-share index recovered from the day's low of 25,121 to close above 25,200.

Key global macro releases due on Thursday include EUR CPI, UK unemployment, and US retail sales and jobless claims and will be watched by investors. Q1 results due tomorrow include Axis Bank, Wipro, Jio Financial, LTI Mindtree, HDFC AMC, and Indian Hotels, among others.

Online firearms seller GrabAGun Digital Holdings, with the stock ticker “PEW,” made its market debut on Wednesday after board member and son of the U.S. president, Donald Trump Jr., rang the opening bell.

The FTSE 100 stock index jumped above the 9,000 level for the first time Tuesday as the U.K. market continued its stellar year. The index has climbed more than 10% in 2025, outperforming the S&P 500’s 6.

Gift Nifty was trading around 25,265 level, a premium of nearly 20 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices.

India's equity benchmarks are likely to open little changed on Thursday, mirroring the flat trade in Asian markets, as market anxiety lingered over the uncertain tenure of Federal Reserve chief Jerome Powell.

Despite the current market optimism, relying on economic headlines for investment decisions can prove harmful in the long run. You need to do your homework.