United Airlines Holdings Inc. late Wednesday refined its 2025 profit outlook, joining Delta Air Lines Inc. in giving investors some hope for the industry, but a mixed earnings snapshot and lingering macroeconomic concerns left the stock under pressure.

Sweden-based Volvo Cars reported a steep fall in second-quarter adjusted operating profit on Thursday and said demand remain under pressure as tariffs hits.

TSMC , the world's largest contract chipmaker, posted a 60.7% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a historic high as it benefited from surging demand for semiconductors used in artificial intelligence applications.

The turbulence spurred trading as investors repositioned their portfolios and hedged risks, driving gains in Morgan Stanley's trading business. Revenue reached $16.8 billion in the second quarter, compared with $15 billion, a year earlier.

Renault shares fell 16% on Wednesday after the French automaker issued a profit warning that will lead to job cuts.