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.

US stocks mostly gain early Thursday as investors weigh earnings reports. Amazon results are due after the close and monthly jobs on Friday.

Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies