U.S. stocks are drifting around a record on Thursday amid a relatively quiet day on Wall Street. The S&P 500 was 0.2% higher in midday trading and on track to squeak past its all-time high set early last month after coming close the day before.

Stocks were mixed on Thursday, with momentum stalling after the S&P 500 closed near record highs on Wednesday. Investors parsed fresh jobless claims data.

The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,

Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.

The biggest losers in the S&P 500 all faced disappointing sales and earnings. But large declines and extreme volatility can sometimes represent buying opportunities. Returning 25% in 2024, the S&P 500 delivered a record-breaking year for stock market investors.

The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve.

A month has passed since our previous look at the expected future quarterly dividends of the S&P 500 in 2025. Since that date in mid-December 2024, investors' expectations of how many rate cuts there will be during 2025 have see-sawed between zero and two.

The S&P 500 turned positive in late morning trade on hopes that more rate cuts from the Federal Reserve might still on the table for 2025. Fed governor Christopher Waller said he sees potential for up to four more cuts this year,

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The S&P 500 edged higher while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.

S&P 500 slides 0.6% as Palantir drops 4% and Moderna tumbles 23%. Rising Treasury yields and upcoming CPI data keep traders on edge.

The S&P 500 ( ^GSPC) was little changed, coming off a three-day win streak that saw the benchmark index close Wednesday on the cusp of setting a new all-time high. The Dow Jones Industrial Average ( ^DJI) traded 0.2% higher, with a record not far off.