U.S. stocks traded sideways on Thursday as investors digested Federal Reserve Chair Jerome Powell's remarks on inflation and tariffs following the Federal Open Market Committee meeting on Wednesday.

Powell downplayed concerns that tariffs imposed by President Donald Trump could reignite inflation, calling their impact "transitory." Yet, the Fed's latest projections signaled slower economic growth, rising unemployment and hotter inflation.

By midday in New York, major indexes were little changed, with financial stocks leading modest gains.

Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) extended its rally to fresh record highs, on track for a sixth consecutive positive session. The stock's year-to-date outperformance over the S&P 500 has widened to 20 percentage points.

In commodities, gold edged lower as the U.S. dollar strengthened, while Bitcoin (CRYPTO: BTC) slid 2.8%, dipping below $85,000. Oil prices jumped 1.5% to $67 per barrel amid escalating geopolitical tensions, as Israel launched a new ground operation in Gaza, breaking a two-month ceasefire.

Thursday’s Performance In Major US Indices, ETFs

According to Benzinga Pro data:

Thursday’s Stock Movers

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