S&P 500 Sets New Records While Nvidia Falls Short: What’s Driving Market Movements on Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Source: Benzinga
S&P 500 Rally: The S&P 500 reached record highs despite Nvidia Corp's disappointing quarterly results, with large-cap benchmarks showing strong performance for three consecutive days.
Economic Growth Update: U.S. GDP growth for Q2 was revised up to 3.3%, indicating a significant rebound from a previous contraction in Q1.
Legal Battle: A legal dispute has commenced between Federal Reserve Governor Lisa Cook and President Trump over allegations of mortgage fraud, potentially impacting the Fed's political independence.
Market Movements: While Nvidia's stock dropped, other tech stocks like Snowflake and Crowdstrike saw gains; gold and silver prices increased, and cryptocurrencies like Bitcoin and Ethereum also advanced.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
