Wall Street drifted through mixed trading Thursday as rising fashion and cigarette stocks worked against drops for Ford Motor and Qualcomm. The S&P 500 rose 0.4% following healthy gains for stock markets across much of Europe and Asia.

NEW YORK — Wall Street drifted through mixed trading Feb. 6 as rising fashion and cigarette stocks worked against drops for Ford and Qualcomm.

Asian shares are trading mostly higher after a Wall Street rally that followed profit reports from major companies

Wall Street is drifting as drops for Ford Motor and Qualcomm work against buoyant fashion and cigarette stocks. The S&P 500 slipped 0.1% Thursday following healthy gains for stock markets