On the evening of August 28, Beijing time, the three major U.S. stock indexes opened slightly higher.
Investors are focusing on Nvidia's performance and its boosting effect on the artificial intelligence sector. The latest U.S. economic data shows that the number of initial jobless claims remained stable last week, and the GDP growth rate for the second quarter exceeded expectations.
As of the opening, the Dow rose 0.10%, reaching 45612.10 points; the Nasdaq rose 0.27%, reaching 21648.26 points; the S&P 500 index rose 0.08%, reaching 6486.38 points.
Fueled by expectations of Nvidia's impressive earnings report, the S&P 500 index set a new historical high on Wednesday. Since August, the S&P 500 and Nasdaq have increased by over 2%, and the Dow has increased by over 3%.
Increased corporate confidence has also supported market performance, with the stock buyback scale of U.S. listed companies surpassing $1 trillion, setting a record for the fastest pace in history, and Nvidia also recently announced joining the buyback ranks.
