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U.S. stocks traded mostly higher on Thursday following the latest batch of corporate earnings and U.S. economic reports. The Dow and S&P 500 were trading higher, but the Nasdaq Composite sank as weakness in a handful of key tech stocks weighed on the index.

The S&P 500 and the Nasdaq opened higher on Thursday, driven by post-earnings gains in Meta and Tesla, while Microsoft's lackluster cloud forecast and downbeat results from Cigna tempered overall market optimism somewhat.