US stocks were little changed Thursday as traders looked over the latest economic data reports along with a slew of corporate earnings releases.

The S&P 500 traded around the flatline, while the Nasdaq Composite advanced 0.2%. The Dow Jones Industrial Average slipped 7 points.

US-listed shares of TSMC jumped 3% in morning trading after earnings.

TSMC, the world's main producer of advanced AI chips, posted record profit in the second quarter with forecast-beating growth of 60%, and noted that demand for artificial intelligence was getting stronger and stronger.

It said it expects another robust leap in revenue for the third quarter but it was cautious about the outlook for later in the year, citing the unknown impact of U.S. tariffs and other uncertainties.

Taiwan Semiconductor Manufacturing Co said net profit for April-June climbed to T$398.3 billion ($13.5 billion), its fifth straight quarter of double-digit growth.

That was well ahead of a T$377.9 billion LSEG SmartEstimate drawn from 20 analysts.