Market sentiment has been boosted recently by generally strong corporate earnings, encouraging economic data and hopes that tariffs won't be as damaging as many initially feared.

The S&P 500 on Thursday registered it’s 15th record high of the year.

Dow shares were down 9.4% at $27.51 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were up 0.1% and down 0.4%, respectively. Before the cut, Dow stock yielded more than 9%. Based on the new payout and premarket price, the yield is about 5%.

The Dow Jones Industrial Average rallied 507 points, or 1.1%, and the Nasdaq composite climbed 0.6% to hit its own record. Stocks jumped even more in Tokyo, where the Nikkei 225 rallied 3.5% after President Donald Trump announced a trade framework that would place a 15% tax on imports coming from Japan.

Gaza is suffering man-made mass starvation caused by a blockade on aid into the Palestinian enclave, World Health Organization chief Tedros Adhanom Ghebreyesus said on Wednesday.