The main street Wall Street is still alive and kicking

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Los Angeles, California, United States, on August 28, 2025.

Erik Thier Bloomberg Gety pictures

On Thursday, the S&P 500 closed on a new height, supported by signs that both the main street Wall Street are still increasing life.

The revised data for us GDP showed 3.3 % in the quarter ending in June, outperforming the 3.1 % consensus expectations by Dow Jones, as well as the initial estimate of the Ministry of Trade by 3 %.

A major scale called “final sales of local buyers” jumped to 1.9 % of the previous number of 1.2 %, male CNBC’s Jeff Cox. According to Economic Analysis OfficeThe number “Total Personal Consumption Expenditure and Group Gentle Investment”, or in short, follows the economic health of consumers and companies. Through this standard, both seem to be transcendent in a healthy way even amid an induction uncertainty.

shares NafidiaAnd at the same time, it decreased by 0.3 %, despite the reports The profits that topped the expectations. It seems that investors want more, although the company’s expectations indicate the optimistic sales growth points to its ongoing power – which indicates it indicates The mutation of artificial intelligence will continueWhich supports other chip makers like Broadcom and Micron technology.

However, NVIDIA’s dependence on a handful of big customers-two of whom make up 39 % of the second-quarter revenue-effects on concerns about the risks of focus.

September was historic The weakest month for S&P 500Based on data from Almanac stock dealer. But with such basics in place – and Reducing a possible rate By the US Federal Reserve next month – this year may be athuma for stocks.

What you need to know today

GDP in the second quarter of the United States has risen more than expected. On an annual basis, Economy 3.3 % expandedAccording to the second estimate of the Ministry of Trade – higher than the initial estimate of 3.0 % and dow jones 3.1 %.

Two customers made 39 % of NVIDIA revenues in the second quarter. This is according to Nafidia’s financial deposit on Wednesday. They can be either Cloud service providers or manufacturers – But little is known about the identity of these clients.

It was reported that South Korea accuses the former Prime Minister. Han Duck Soo was accused on Friday of inciting President Yun Suk Yol The imposition of customary rulings in December. At the same time, the first lady Kim Keun is Yoon’s wife, faces Accusations of corruption and bribery.

The highest level of S&P 500. The index added on the bored base 0.32 % Thursday and Closed above 6500 level For the first time. The Asia and Pacific markets were mixed on Friday. Japanese stocks fell amid the basic consumer prices in Tokyo slowly rising in August.

(Pro) is an opportunity to buy ORSTED shares? Orsted shares, one of the largest developers in the world on marine wind farms, decreased by 40 % in August amid a funding problem and a stoppage order in its project. But only one analyst She raised her shares to “buy”.

Finally …

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi will meet on the sidelines of the BRICS summit in Kazan, Russia, on October 23, 2024.

China Daily via Reuters

Elephant-Dragon Tango: Modi’s visit to China’s signs that improve relations-will Bonhomie continue?

When Foxconn recalled hundreds of Chinese engineers from a factory in India last month, It is said After Beijing’s trends to reduce the transfer of technology to its neighbor, it was a reminder of the unstable relationships between two of Asia’s largest economies.

But with both countries the tariff heat from Washington, can economic challenges be pushed by Beijing and New Delhi towards reluctant cooperation, which turns their hostile relationship?

– Bianca ointment



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