Today At A Glance:

The S&P 500 and Dow logged fresh record closes while the Nasdaq advanced, as investors digested Nvidia’s results and an upside Q2 GDP revision. Gains were concentrated in Big Tech (Broadcom, Alphabet, Amazon), even as more than half of S&P names finished lower. Weekly jobless claims dipped and GDP growth was marked up to 3.3% annualized, supporting the “soft landing” narrative. Nvidia slipped despite strong numbers, but peers such as Snowflake and Pure Storage ripped on upbeat outlooks. Food producer Hormel tumbled after missing earnings and cutting its outlook, a notable drag within staples.

Today’s Index Performance

• Dow Jones Industrial Average (^DJI) – The Dow opened today at 45,581.03 and closed today at 45,636.90, with the percentage change of +0.16%.
• S&P 500 (^GSPC) – The S&P 500 opened today at 6,483.84 and closed today at 6,501.86, with the percentage change of +0.32%.
• Nasdaq Composite – The Nasdaq opened today at 21,619.27 and closed today at 21,705.16, with the percentage change of +0.53%.

Gainers Of Note

• Pure Storage (NYSE: PSTG) – Flash storage systems; soared ~32% on strong earnings and reports of a large expected order from Meta Platforms.
• Snowflake (NYSE: SNOW) – Data-cloud software; jumped ~20% after beating forecasts and raising its revenue outlook.
• Trip.com Group (NASDAQ: TCOM) – Online travel platform; climbed ~15% on earnings and a share-repurchase plan.

Losers Of Note

• Hormel Foods (NYSE: HRL) – Packaged foods; fell ~13% after a miss and lowered annual outlook amid rising input costs.
• Cooper Companies (NYSE: COO) – Contact lenses & women’s health; slid ~13% after cutting 2025 revenue guidance on softer demand.
• Urban Outfitters (NASDAQ: URBN) – Apparel retailer; dropped ~11% as tariff overhang pressured sentiment despite strong results.

Active Traders Of Note

• Nvidia (NASDAQ: NVDA) – AI/GPU leader; heavy volume as shares edged −0.8% post-earnings amid signs of cooler AI chip sales growth.
• HP Inc. (NYSE: HPQ) – PCs & printing; actively traded and +~4.6% on upbeat revenue and AI-PC momentum.
• Alphabet (NASDAQ: GOOGL) – Search & cloud; high turnover as mega-caps led gains that lifted the indices.

Looking Forward:

With stocks near highs, attention shifts to Friday’s PCE inflation update and whether it sustains elevated odds of a September rate cut. Watch for continued dispersion: AI-adjacent software/hardware names are reacting strongly to guidance, while staples and select retailers remain tariff-sensitive. Liquidity could thin into the holiday weekend, amplifying moves around data and late-day headlines.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

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