Stock Market Today: Nvidia Drags Down Nasdaq Futures, Dow Trades Higher—Dollar General, Dell, Best Buy In Focus

Benzinga

U.S. stock futures were swinging on Thursday following Wednesday’s advances. Futures of major benchmark indices were largely mixed.  The initial jobless claims fell to 229,000 in the week ending Aug. 21, below the 231,000 consensus forecast.  Real gross domestic product increased by 3.3% according to the second estimate released by the U.S. Bureau of Economic Analysis. This compares to a 0.5% decrease during the first quarter.

Transcript

00:00all right the uh stock market futures are about flat here today has some p500 up 0.02 percent

00:14dow is up 0.14 percent and the nasdaq here down 0.03 percent uh yesterday the spy put in a new

00:24all-time high and uh the queues rose by 0.031 percent and that of course comes on the back of

00:34the really important nvidia earnings recording the biggest gains on wednesday was energy information

00:40technology and real estate stocks which led most of the s&p sector to a positive close

00:46communication services and health care stocks however bucked the market trend and ended up

00:51going lower the broader market saw u.s stocks settle higher with the dow jones gaining over

00:56100 points and the s&p 500 also achieved a new all-time closing high on the economic data front

01:03the volume of mortgage applications declined by half a percent from the previous week in the third

01:09week of august following a 1.4 percent decline the prior month mongo db probably the biggest performer

01:17yesterday jumped 38 percent after the company reported better than expected second quarter

01:23financial results and also raised its full year guidance shares of kohl's rose 24 percent after

01:29the company reported better than expected quarterly financial results and raised its full year 25 revenue

01:35outlook the treasury yields here um let me go back to that here sorry the trend the 10-year treasury

01:41bond yielded 4.23 percent the two-year bond yielded 3.62 percent interestingly on the back of those nvidia

01:50earnings this morning intel the only chip maker higher

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