The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.

Wall Street’s major averages continue their upward trajectory in July, with the S&P 500 (SP500) and Nasdaq Composite (COMP:IND) reaching fresh all-time highs. Meanwhile, the Dow (DJI) remains just shy of its own record,

U.S. stock futures relentlessly pushed ahead as they were uniformly higher early Friday, after the broader market scaled a fresh peak in the previous session. Federal Reserve Governor Christopher Waller called for a 25-basis-point rate cut at the July rate-setting meeting,

Trump's call for a minimum 15-20% tariff on imports from the European Union, as reported by the Financial Times, is a reminder that global trade tensions are still alive and could yet hit growth and fuel inflation.

Eastern time, the S&P 500 was 0.1% higher, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was up 0.2%

US stocks close mixed after the FT says Trump wants an at least 15%-20% tariff on all EU goods. S&P 500 and Nasdaq come off Nasdaq record highs.

Wall Street geared up for a subdued start on Friday, with investors weighing a week of mixed economic signals and earnings reports, while Netflix's blockbuster profit failed to spark much excitement.