By Mike Dolan

LONDON (Reuters) – What matters in U.S. and global markets today

By Mike Dolan, Editor-At-Large, Finance and Markets

The S&P 500 may have stalled on Thursday, but the Nasdaq hit a new high, as a week of positive earnings surprises and rising Fed easing expectations overshadowed tariff worries and a few isolated stock flubs. Tech excitement continues to push up all major index futures ahead of Friday’s bell.

* The stock stumbles on Thursday included an outsize 14% earnings-day hit to pharma giant Eli Lilly after a disappointing drug trial and a 3% drop in Intel after Trump demanded the resignation of its CEO due to Chinese links.

* Longer-term Fed easing expectations were buoyed after Trump said he will nominate Council of Economic Advisors Chairperson Stephen Miran to te

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