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Eric thera | Bloomberg | Gets the image
The S&P 500 closed on Thursday at a fresh high level, subjected to the signs that both the main street and the Wall -Rate are still buzzing with life.
The revised data showed that in the quarter ended June, which ended, the rough domestic product increased by 3.3%, exceeding the consensus -a 3.1%Dow Jones, as well as the initial estimate of the 3%trade department.
A key measure called “Final Sales to Private Internal Customers” jumped up to 1.9% from the previous 1.2%, noted Jeff Cox CNBC. As depending on Bureau of Economic AnalysisThe image tracks “the cost of personal consumption and gross private fixed investment” or, in short, economic health of consumers and corporations. According to this criteria, it is supposed to have both played along even against the background of tariff uncertainty.
Shares NvidiaMeanwhile, 0.3%dropped despite reporting the profit that led the expectations. Seem Boom of artificial intelligence will be storedwho proposed other chips makers such as Broadcom and Micro -technology.
However, Nvidia’s dependence on several major clients-two of which made up a tremendous 39% of their revenue in the second quarter-excitement of concentration.
September has historically been The weakest month for the S&P 500Based on the data almanac trader. But with such bases in place – and a likely to reduce the rates According to the US Federal Reserve next month – this year may be atypical for stocks.
American GDP grew more than expected in the second quarter. On an annual basis, economy Expanded by 3.3%According to the second commerce assessment – above 3.0% of the initial assessment and 3.1% Dow Jones Consensus.
Two customers made 39% of Nvidia’s earnings in the second quarter. This is, according to the financial submission of the Nvidia financial submission on Wednesday. They could be either Cloud suppliers or manufacturers – But little is known about the identity of these customers.
South Korea is reportedly accusing its former prime minister. Han Dak-Su on Friday was accused of supporting the overthrown President Jono Suka Jola Introduction of martial law in December. Meanwhile, ex-first lady Kim Kohon Hee, wife Jono, face Charges of corruption and bribery.
Another maximum for the S&P 500. A wide index added 0.32% on Thursday and closed above 6,500 level For the first time. Asia-Pacific markets were ambiguous on Friday. Japanese shares decreased amid the main consumer prices in Tokyo, which increased slower in August.
(PRO) Opportun by the Orsted stock? Orsted shares, one of the world’s largest developers in the offshore winds, plunged into 40% in August amid the issue of financing and ordering on their project. But one analyst is just Updated his stock to “buy”.
Chinese President Xi Jinping and Indian Prime Minister Narendra Modi are found on the sidelines of the BRICS summit in Kazan, Russia, October 23, 2024.
China daily via Reuters
Elephant Tango: Modi’s visit to China signals the improvement of ties will be bonho?
If Foxconn reminded of hundreds of Chinese engineers from the factory in India last month, justify Following the instructions in Beijing to stop the technology of transferring a neighbor, this is reminiscent of difficult ties between the two largest Asian economies.
But with both countries facing the tariff heat from Washington, could the economic problems push Beijing and New Delhi to reluctant cooperation, transforming their competitive relations?
– Priyanka Salve