Stocks in the US climbed on Thursday as upbeat earnings and strong economic data helped push major indexes toward fresh record highs. The S&P 500 and Nasdaq 100 rose 0.5% and 0.7%, respectively, both close at new records, while the Dow Jones gained 230 points, or 0.5%. US retail sales rose 0.6% in June, exceeding expectations and highlighting the resilience of consumer spending despite ongoing tariff concerns. Initial jobless claims declined to 221,000, the lowest level in three months, reinforcing confidence in the strength of the labor market. Meanwhile, TSMC shares gained 2.1% after the company reported record profits fueled by robust AI demand, lifting sentiment across the chip sector ahead of Netflix’s quarterly results due after the close. Earlier market jitters over President Trump's threats to remove Fed Chair Jerome Powell were eased as the remarks were later downplayed, helping stabilize investor sentiment.