(For a Reuters live blog on U.S., UK and European stock

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GE Aerospace rises on upbeat 2025 profit forecast

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Elevance gains after Q4 profit beats estimates

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American Airlines ( AAL ) falls on downbeat 2025 profit forecast

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S&P 500 banks index touches record high

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Indexes: Dow up 0.18%, S&P 500 dips 0.05%, Nasdaq off

0.36%

(Updates after markets open)

By Johann M Cherian and Sukriti Gupta

Jan 23 (Reuters) - Wall Street's main indexes were mixed

on Thursday as investors assessed corporate earnings and awaited

comments from President Donald Trump to gauge what his trade

policy might look like.

JPMorgan Chase ( JPM ) and Goldman Sachs ( GS ) rose more

than 1% each, aiding the blue-chip Dow's marginal gains. The S&P

500 Banks index rose 1.1% to hit a record high.

More broadly, investors took a pause after the S&P 500 and

the Dow logged their sixth session of gains out of seven on

Wednesday, with the benchmark index notching an intraday record

high for the first time in over a month.

Trump's private-sector $500 billion investment announcement

in AI infrastructure, along with Netflix's ( NFLX ) strong

results, provided the latest tailwind for markets, which had

been recovering since last week after data showed underlying

inflation was cooling despite robust economic activity.

Following previous session's strong gains, artificial

intelligence darlings Nvidia ( NVDA ) dropped 1.4% and Microsoft ( MSFT )

dipped 0.6%.

Uncertainty about Trump's trade plans prevailed as he said

tariffs on imports from Canada, Mexico, China and the European

Union could be announced on Feb. 1, although analysts expect

April 1 to be the date when major tariff plans will be unveiled.

All eyes will be on Trump's virtual appearance at the World

Economic Forum in Davos at 11 a.m. ET.

Trump pulled the U.S. out of the OECD tax deal on Monday.

Tariff imposition could threaten a global trade war, add fuel to

price pressures and slow down the Federal Reserve's pace of

monetary policy easing.

"Any country or any sector that has a large bilateral goods

or trade imbalance is going to be certainly in the crosshairs

and any country that is deemed to be a currency manipulator may

be in the crosshairs," Scott Ladner, chief investment officer at

Horizon Investments, said.

Traders expect the Fed to leave interest rates unchanged for

the first half of 2025, according to data compiled by LSEG. A

rise in longer-dated Treasury yields

also limited gains among stocks.

On the economic data front, a Labor Department report showed

weekly jobless claims stood at 223,000, compared with

expectations of 220,000.

At 09:49 a.m. ET the Dow Jones Industrial Average

rose 77.68 points, or 0.18%, to 44,234.41, the S&P 500

lost 3.29 points, or 0.05%, to 6,083.25, and the Nasdaq

Composite lost 72.01 points, or 0.36%, to 19,937.14.

Six of the 11 S&P 500 sectors rose, with energy stocks

up 0.8%, after two straight sessions of declines.

GE Aerospace advanced 9.4% after it forecast 2025

profit above estimates, while American Airlines ( AAL ) lost

8.3% after forecasting 2025 profit below expectations.

Health insurer Elevance rose 1.4% after beating

estimates for fourth-quarter profit.

Electronic Arts ( EA ) was down 16.3% after the video game

publisher cut its forecast for annual bookings.

Declining issues outnumbered advancers for a 1.77-to-1 ratio

on the NYSE and a 1.69-to-1 ratio on the Nasdaq.

The S&P 500 posted 15 new 52-week highs and four new lows,

while the Nasdaq Composite recorded 33 new highs and 54 new

lows.