Wall Street drifted to a mixed close as drops for Ford Motor and Qualcomm worked against buoyant fashion and cigarette stocks. The S&P 500 rose 0.4% Thursday following healthy gains for stock markets across much of Europe and Asia.

Some calm is returning to Wall Street, and U.S. stock indexes are making only modest moves after much of Europe and Asia rose earlier in the day

Check back for updates throughout the trading day U.S. equity futures edged modestly higher in early trading, extending gains from last night's solid close as investors shifted focus from trade tensions to a busy slate of corporate earnings and tomorrow's key January jobs report.