Shares of boat and marine products retailer MarineMax (NYSE:HZO) jumped 18% in the afternoon session after the company reported strong fourth-quarter results, which blew past analysts' EBITDA and EPS expectations.

Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 9.4% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts, commercial engines, and services. Growth accelerated during the quarter as orders rose by 46% compared to the previous year. The improved demand and pricing enabled the company to grow its cash flow and report earnings ahead of analysts' expectations.

GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. "We learned a lot through last year," CEO Larry Culp said in an interview. GE Aerospace dominates the engine market for narrowbody jets and enjoys a strong position in widebodies.

Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and trade policies, a scenario that will likely keep threatening the bond market this year. Vanguard, the world's second-largest asset manager, which manages over $10 trillion, said in a first-quarter fixed income outlook report seen by Reuters that it expects "progress on inflation to stall," with core measures of price pressures stuck above the Federal Reserve's 2% target and above 2.5% for most of 2025. Trade and immigration policies implemented by Trump's Republican administration could complicate the picture further, it said in a report written by its active fixed income team, led by Sara Devereux, the global head of fixed income group.

U.S. equities were mixed and little changed at midday as the S&P 500 traded near all-time highs.

Union Pacific shares surged Thursday after the big freight carrier posted better-than-expected earnings as its costs for fuel declined.

Elevance Health reported stronger-than-expected results and raised its dividend as it benefited from higher premiums, acquisitions, and growth in its pharmacy division.

U.S. stocks are drifting near a record on Thursday amid a relatively quiet day on Wall Street. The S&P 500 was virtually unchanged in morning trading after pulling to the edge of its all-time high Wednesday following its sixth gain in seven days. Movements were also mostly quiet in markets abroad, even after China’s latest attempt to juice stock prices in the world’s second-largest economy.

Alaska Air Group posted better-than-expected fourth-quarter results after it completed its acquisition of Hawaiian Airlines.

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