Wall Street indexes rose to records on Thursday following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.

The S&P 500 climbed 0.5% to top its all-time high set a week ago. The Dow Jones industrial average rose 229 points, or 0.5%, and the Nasdaq composite added 0.7% to its own record set the day before.

Trading was calmer than Wednesday’s, when President Donald Trump jolted financial markets by saying he had discussed the “concept” of firing the chair of the Federal Reserve but was unlikely to do so.

A strong profit report from Taiwan Semiconductor Manufacturing Co. helped drive tech stocks, and its net income soared nearly 61% in the last quarter from a year earlier. TSMC’s stock that trades in the United States rose 3.4%.

Other stocks involved in AI also climbed, and a 1% gain for Nvidia was one of the strongest forces pushing upward on the S&P 500.

PepsiCo jumped 7.5% after delivering revenue and profit that topped Wall Street’s expectations.

United Airlines flew 3.1% higher after reporting a stronger profit for the latest quarter than analysts expected.

Lucid Group’s stock surged 36.2% after it said Uber Technologies is aiming to use 20,000 or more of its vehicles over six years in a robotaxi program. Using an autonomy system by Nuro, it expects to launch “later next year in a major US city.”

Uber, which plans to invest hundreds of millions of dollars in Lucid and Nuro, saw its stock edge down by 0.3%.

On the losing side of Wall Street was Abbott Laboratories, which fell 8.5% despite delivering results for the latest quarter that edged past analysts’ expectations.

Elevance Health dropped 12.2% after reporting a weaker profit than analysts expected. It cut its forecast for profit in 2025 because of rising medical cost trends in its Affordable Care Act business, along with other factors.

All told, the S&P 500 rose 33.66 points to 6,297.36. The Dow gained 229.71 to 44,484.49, and the Nasdaq composite climbed 153.78 to 20,885.27.

In the bond market, Treasury yields were mixed following several better-than-expected reports on the economy.

One said that shoppers upped their spending at U.S. retailers by more last month than economists expected. A separate report said that fewer U.S. workers applied for unemployment benefits last week.

Thursday’s strong economic reports helped push the two-year Treasury yield, which closely tracks expectations for the Fed, up to 3.91% from 3.88% late Wednesday.

Longer-term Treasury yields held steadier, though, and the 10-year yield edged down to 4.45% from 4.46%.

— Associated Press