Wall Street is drifting Wednesday as gains for most stocks outweigh drops for Alphabet and some other big-name companies following their latest profit reports. The S&P 500 was 0.2% higher in late trading.

Asian shares were trading mostly higher Thursday, after a Wall Street rally that followed profit reports from major companies. Japan's benchmark Nikkei 225 gained nearly 0.2% in early trading to 38,888.

Wall Street is mixed on Wednesday as attention swings back toward how much profits companies are making and away from Trump’s tariffs, at least temporarily.

Asian shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. The Hang Seng dropped 0.6% to 20,659.41, while the Shanghai Composite lost 0.