Scavino is the third top official who, along with two others, sold Trump Media stock with the combined value of up to $10 million before tariffs news

Global stocks advanced on Thursday, underpinned by optimism around artificial intelligence and the prospect of upcoming interest rate cuts, while investors kept a cautious eye on U.S. President Donald Trump's ongoing assault on international trade.

US Stock futures slipped early Thursday after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded 0.25% lower, while the Nasdaq 100 futures dropped 0.29%.

Today’s spotlight is on Fed Chair Powell’s testimony before the Senate. The market is looking for any signal that rate cuts are still on the table for September, but so far, the Fed has been sending mixed messages. The bond market is pricing in about a 68% chance of a cut, but that probability is slipping.

US stocks open mixed after Trump unveiled tariffs on 14 countries, and signed an executive order to extend the “reciprocal” tariff deadline to Aug. 1.

Stocks were flashing this warning signal before tariff jitters drove Dow down more than 400 points. Tesla and Apple don’t belong in the ‘Magnificent Seven’ anymore. These two hot tech stocks should replace them.