Stock market today: S&P 500 crosses 6,500, Dow hits record after Nvidia earnings, surprise GDP ju…

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Stock market today: S&P 500 crosses 6,500, Dow hits record after Nvidia earnings, surprise GDP jump

US stocks rose across the board on Thursday as Wall Street weighed signs of a resilient economy and the move by Federal Reserve governor Lisa Cook to sue President Trump, while the dust settled on Nvidia's (NVDA) earnings.

The tech-heavy Nasdaq Composite (^IXIC) led the way higher, rising 0.5% to close just shy of a fresh record. The S&P 500 (^GSPC) rose 0.4%, crossing the 6,500 level for the first time as it set a second-consecutive all-time high. The Dow Jones Industrial Average (^DJI) ticked up 0.2%, enough to notch its own record.

The government said US GDP rose 3.3% in the second quarter, a surprise bump up from its first estimate and a broad rebound from the 0.5% dip in Q1. That was due to a variety of factors — notably, a decrease in imports that followed a Q1 import surge to "front-run" tariffs, as well as a healthy pickup in consumer spending. Meanwhile, jobless claims fell as layoffs remained low.

Stocks add a bit to their records on Wall Street

Options trader Chris Dattolo, center, works with colleagues on the floor of the New York Stock Exchange, Monday, Aug. 18, 2025. (AP Photo/Richard Drew)

Wall Street notched more milestones Thursday after gains in technology stocks helped push the market to another all-time high.

The S&P 500 rose 0.3%, lifting the benchmark index to its second record high in a row. The Dow Jones Industrial Average reversed an early slide and gained 0.2%, enough to move past its record high set last Friday.

The Nasdaq composite closed 0.5% higher, finishing just short of its all-time high set two weeks ago.

About 55% of the companies in the benchmark S&P 500 closed lower, but gains in the technology and communication services sectors offset losses elsewhere in the market. Broadcom rose 2.8%, Amazon added 1.1% and Google parent Alphabet finished 2% higher.

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