On Thursday, August 29th local time, the three major US stock indices closed with mixed gains and losses, with the Dow Jones Industrial Average hitting a historic high for both intraday and closing.
As of the close, the Dow Jones Industrial Average rose 0.59% to 41335.05 points; The Nasdaq fell 0.23% to 17516.43 points; The S&P 500 index closed relatively flat at 5591.96 points.
The data released by the US Department of Commerce on Thursday showed that the second quarter real gross domestic product (GDP) of the United States increased by 3% year-on-year, higher than the initial estimate of 2.8%. The US Department of Labor reported that the number of initial jobless claims in the US fell slightly to 231000 last week, indicating a steady cooling of the job market.
Most tech giants' stock prices have risen, with Apple's stock price increasing by over 1% and its market value approaching $3.5 trillion; Microsoft rose 0.61%, Google fell 0.7%, Amazon rose 0.8%, Meta rose 0.3%, and Tesla rose 0.26%.
Nvidia's stock price unexpectedly fell 6.38% to $117.59 per share, with its market value evaporating by about $196.7 billion (approximately RMB 1.4 trillion) in a single day, and the latest estimate is $2.88 trillion. The company's latest financial report shows a net profit of $16.599 billion for the second quarter, a year-on-year increase of 168%, exceeding analysts' expectations. Analysis suggests that the main reason behind Nvidia's sharp decline is due to Wall Street's high expectations for Nvidia.
The overall performance of Chinese concept stocks is strong, with the Nasdaq China Golden Dragon Index rising more than 2.6% to 5541.64 points. Alibaba, JD.com, Ctrip, and Baidu's stock prices have risen by over 1%, Pinduoduo has risen by over 4%, Ideal Auto has risen by over 10%, NIO has risen by over 6%, and Xiaopeng Motors has risen by over 8%.