Nasdaq 100 futures ticked higher on Thursday after Alphabet’s latest quarterly results came in better than expected. Nasdaq 100 futures rose 0.2%, while S&P 500 futures traded around the flatline. Futures tied to the Dow Jones Industrial Average fell 300 points, or 0.7%, bogged down by shares of IBM slipping 6% after the company’s second quarter software revenue missed expectations. Alphabet advanced 3% in the premarket after posting a second-quarter earnings and revenue beat, bolstering gains in the S&P 500 and Nasdaq. Gains were kept in check by declines in IBM and Tesla, down 6% early Thursday after auto revenue fell for a second straight quarter. Investors also turned their attention to the ongoing feud between President Donald Trump and the Federal Reserve. The White House said that President Donald Trump will visit the Fed on Thursday, escalating his pressure campaign against Chairman Jerome Powell. This is the first time in nearly two decades that an American president will make an official trip to the central bank. Stocks are coming off a strong performance Wednesday, fueled by progress on trade talks. The S&P 500 added 0.78% to hit its 12th record close of the year. The Dow Jones Industrial Average gained 1.14%, or 507.85 points — about four points away from a new record close. The Nasdaq Composite rose 0.61% and settled above 21,000 for the first time. Stocks were also helped by a Financial Times report that the U.S. was inching closer to a trade deal with the European Union. Bloomberg confirmed the progress, citing diplomats briefed on the talks. This trade deal would raise tariffs to 15% on imports from the EU. The tariff developments may strengthen investor sentiment, said Jeremy Siegel, Wharton School professor of finance and WisdomTree senior economist. “We’re beginning to see some clarity here with these deals being made, and that’s certainly bullish. And certainly that keeps the momentum going in the stock market,” he said Wednesday on CNBC’s “Closing Bell.” Treasury yields moved higher on Thursday on the heels of recent U.S. economic data signaling that the labor market is holding up. The yield on the benchmark 10-year Treasury was more than 4 basis points higher at 4.436%. The 2-year yield gained more than 4 basis points to 3.927%, and the 30-year yield likewise ticked up more than 3 basis points to 4.984%. Asia markets ended the day largely in the green. Japan’s Topix jumped 1.75% to close at a record high of 2,977.55. The country’s benchmark Nikkei 225 added 1.59% to end the trading day at 41,826.34. South Korea’s Kospi rose 0.21% to 3,190.45, though the small-cap Kosdaq slipped 0.45% to close at 809.89. Australia’s S&P/ASX 200 slipped 0.32% to close at 8,709.4. Mainland China’s CSI 300 rose 0.71% to 4,149.04. Oil prices rose on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories. Brent crude futures gained 24 cents, or 0.4%, to $68.75 a barrel by 0032 GMT. U.S. West Texas Intermediate crude futures climbed 25 cents, or 0.4%, to $65.50 per barrel. Gold prices extended losses on Thursday from the previous session as easing trade tensions increased risk sentiment and weighed on demand for safe-haven assets. Spot gold was down 0.7% at $3,362.69 per ounce after shedding 1.3% in the previous session. U.S. gold futures dropped 0.9% to $3,368.00. Following this week’s trade deal between the U.S. and Japan, two European diplomats said on Wednesday the European Union and the U.S. are also edging toward a trade deal that could include a 15% U.S. baseline tariff on EU goods and exemptions. “Gold is down this morning due to the positive news flow around global trade… this is reducing downside risks for global growth and supports the prevailing risk-on mood in financial markets,” said Carsten Menke, an analyst at Julius Baer.