Stock Market News for Aug 29, 2025

Fri, Aug 29, 2025, 9:22 AM 3 min read

U.S. stocks ended higher on Thursday as investors cheered NVIDIA’s quarterly results, reaffirming their faith in the ongoing spending on artificial intelligence and the enthusiasm surrounding it. All three major indexes ended in positive territory.

The Dow Jones Industrial Average (DJI) gained 0.2% or 71.67 points, to end at 45,636.90 points, to hit a new all-time closing high.

The S&P 500 advanced 0.3% to close at 6,501.86 points, to hit a fresh all-time closing high. This is the first time the index crossed the 6,500 mark. Energy and tech stocks were the best performers.

The Energy Select Sector SPDR (XLE) and the Technology Select Sector SPDR (XLK) each rose 0.8%. The Communication Services Select Sector SPDR (XLC) added 0.4%. Six of the 11 sectors of the benchmark index ended in positive territory.

The tech-heavy Nasdaq jumped 0.5% to finish at 21,705.16 points.

The fear gauge CBOE Volatility Index (VIX) was down 2.83% to 14.43. Advancers outnumbered decliners on the S&P 500 by a 1.2-to-1 ratio. On the S&P 500, there were 28 new highs and five new lows.

On the Nasdaq, there were 117 new highs and 52 new lows.

A total of 13.8 billion shares were traded on Thursday, lower than the last 20-session average of 16.7 billion.

Wall Street had been eagerly awaiting NVIDIA Corporation’s (NVDA) quarterly report, this week’s most important event. The semiconductor giant reported its second-quarter results on Wednesday after the bell.

Investors returned, cheering NVIDIA’s results on Thursday, as the AI-chipmaker beat both earnings and revenue estimates. NVIDIA reported second-quarter 2025 earnings of $1.05 per share, beating the Zacks Consensus Estimate of $1 per share. The company reported revenues of $46.74 billion for the quarter, a year-over-year surge of 56%.   

NVIDIA accounts for roughly 8% of the S&P 500 and has the largest weight on the index. However, its shares ended 0.8% lower after the company’s data center business missed its revenue estimates. NVIDIA has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Also, trade uncertainties between the United States and China led the company to exclude its China sales from its forecast.

However, the solid jump in revenues lifted investors’ sentiment, reaffirming that demand for AI chips, which has been driving the tech rally over the past couple of years, remains robust. Other semiconductor manufacturers also gained on Thursday. Shares of Broadcom Inc. (AVGO) jumped 2.8%.