The S&P 500 reached another record high but US stocks ended trading day mixed as GM shares plunged in the wake of tariffs hit

The S&P 500 and the Nasdaq both hit record highs on Thursday tracking gains in Alphabet Inc (LON: 0RIH ), which clocked better-than-expected second-quarter earnings and signaled continued expansion in its artificial intelligence spending.

The state of suspended animation in today's markets is remarkably bullish. U.S. growth forecasts are rising, S&P 500 earnings growth estimates for next year are running at a punchy 14%, and world stocks are at record highs.

Stocks Hit Record Highs, ... The Morningstar US Market Index hit a record on Wednesday, Jan. 24, meaning stocks have now recovered all the losses that began piling up at the beginning of 2022.

In the week ahead, 112 S&P 500 companies are set to report quarterly results, with earnings season in full focus as the market hovers near record highs.

US stocks were mostly higher Monday, setting their sights on fresh record highs after lawmakers passed a massive and long-awaited infrastructure bill.

US stocks drifted to another record following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump’s tariffs are hurting

Thursday marked another winning day for the S&P 500 and Nasdaq, as both indexes posted fresh all-time intraday and closing highs.