US stock indices rose on Thursday, following new economic data and mixed batch of earnings reports.
As of 12:29 PM Eastern Time, the S&P 500 was up 0.2%, the Dow Jones Industrial Average added 0.1%, and the Nasdaq Composite was 0.5% higher.
As of 10:02 AM Eastern time, the S&P 500 slipped 0.1%, the Dow Jones Industrial Average dropped 0.1%, and the Nasdaq Composite was down less than 0.1%.
At the opening bell, the Dow Jones Industrial Average rose 15.8 points, or 0.03%, to 45,581.03. The S&P 500 rose 2.4 points, or 0.04%, to 6,483.84, while the Nasdaq Composite rose 29.1 points, or 0.13%, to 21,619.273.
The Commerce Department data showed that US gross domestic product (GDP) grew at a 3.3% annual rate in the April-June quarter after shrinking 0.5% in the first three months of this year.
In the bond market, the yield on the 10-year Treasury slipped to 4.23% from 4.24% late on Wednesday.
Gainers and Losers
Nvidia Corp shares dropped 1% despite semiconductor giant reported quarterly earnings and revenue that beat Wall Street forecasts.
However, the company said sales of its artificial intelligence chipsets rose at a slower pace than expected.
Hormel shares fell 4.7% after the Spam maker’s earnings fell short of Wall Street estimates.
Victoria’s Secret & Co. gained 9.7% after the retail chain’s second quarter results topped analysts’ estimates.
Stocks of Broadcom surged 2.7% and Advanced Micro Devices added 1.9%.
Snowflake stock jumped 16.2% after data analytics company raised its forecast for fiscal 2026 product revenue.
Bullion
Gold prices rose on Thursday as the US dollar eased.
At 1222 GMT, spot gold was up 0.3% at $3,407.81 per ounce. US December gold futures rose 0.5% to $3,466.30.
Among other metals, spot silver was up 1.2% at $39.08 per ounce, platinum rose 0.2% to $1,349.22 and palladium climbed 1.1% to $1,103.82.
Oil prices were little changed on Thursday as traders continue to monitor a looming oversupply and US efforts to force India to desist from buying Russian crude.
Brent nudged below $68 a barrel.
White House trade adviser Peter Navarro stepped up the pressure on New Delhi to halt purchases of Russian oil after Washington doubled a levy on imports from the country to 50%.
