Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.

AI investors are desperately trying to find clues on the real impact of DeepSeek on chip demand in the future and gauge how the breakthrough in China would impact US companies.

Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft MSFT.O dropped 4.7% after forecasting disappointing growth in its cloud computing business.

Meta Platforms, Tesla and most other U.S. stocks are rising Thursday following a rush of profit reports from some of the country’s most influential companies.

As the global tech sector was catching up to the disruption caused by DeepSeek’s r1 AI model, Chinese e-commerce giant Alibaba announced its brand new Qwen 2.5 AI model on the first day of the Lunar New Year. The Qwen 2.5 is pre-trained on large-scale multilingual and multimodal data and rivals DeepSeek’s AI model.

Long a popular stock in the restaurant sector, Chipotle Mexican Grill (NYSE: CMG) still has quite some room to run, according to one analyst at a major U.S. bank. Towards the end of January, the prognosticator lowered his price target on the shares,

Wall Street are pointing mostly higher in premarket trading while more corporate earnings poured in a day after the Federal Reserve opted to leave its benchmark lending rate alone

Many quantum computing stocks have risen well above Wall Street's price targets, but this one still has room to climb.

By Amanda Cooper and Lawrence Delevingne LONDON/BOSTON (Reuters) -Wall Street shares advanced on Thursday as investors cheered updates from Meta and Tesla , while the dollar dipped, further boosting gold prices.