The turmoil boosted trading desks across Wall Street. Goldman's equities trading revenue rose 36% to $4.3 billion, while fixed income, currencies and commodities hauled in $3.47 billion, 9% higher than a year ago.

Volvo Cars reported a sharp decline in second-quarter operating profit on Thursday that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and softening demand.

It comes shortly after Volvo Cars launched plans to add its best-selling XC60 sports utility vehicle to the production line of its U.S. car plant in Ridgeville outside Charleston in South Carolina. Shares of Sweden-based automaker Volvo Cars rose more than 10% on Thursday as the company's second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline.