Dow Jones Rises as Nvidia Drives Tech Rebound

The US stock market saw a mixed performance on Thursday, August 27, with the Dow Jones Industrial Average rising by 0.32% to 53,632.55, while the S&P 500 and Nasdaq Composite gained 0.58% and 1.21%, respectively.

The increase in the Dow was driven by strong earnings from Nvidia, which saw its stock rise over 6% after reporting a quarterly revenue of $96.22 billion and estimating a 70% growth in fiscal 2028.

However, other factors, such as inflation concerns and expectations of Fed monetary policy, are also influencing the market's performance.

The July PCE report showed a higher-than-expected inflation rate of 3.7%, which may lead to a more hawkish stance from the Federal Reserve and potentially impact Treasury yields.