United States equities ended the day modestly higher, with the Standard and Poors five hundred inching up zero point two percent, adding fifteen point four six points to finish at six thousand, four hundred eighty one point four zero United States dollars, setting a new record close. The Dow Jones Industrial Average advanced zero point three percent, or one hundred forty seven point one six points, ending at forty five thousand, four hundred sixty five point two three United States dollars. The Nasdaq Composite gained zero point two percent, rising forty five point eight seven points to reach twenty one thousand, five hundred ninety point four zero United States dollars. According to Nasdaq, energy and technology shares led the advance, with the Energy Select Sector fund up one point one percent and the Technology Select Sector up zero point five percent, while nine of eleven major industry groups closed higher.

Today’s trading enthusiasm was driven by optimism ahead of the NVIDIA Corporation quarterly report, as the artificial intelligence chipmaker holds the largest individual weight in the Standard and Poors five hundred. However, NVIDIA shares fluctuated and ended slightly down by zero point one percent. Amazon shares climbed zero point two percent, and Microsoft rose zero point nine percent. There was a notable rise in activity among large tech names, while other artificial intelligence related shares finished mixed.

Sector-wise, as reported by Barchart, energy and technology were at the forefront, whereas defensive stocks such as utilities and consumer staples saw milder performance. Volume was lighter than average, with about fourteen billion shares changing hands, which is below the recent twenty-session average.

On the economic front, the U.S. Bureau of Economic Analysis announced a second quarter gross domestic product growth of three point three percent annually, higher than earlier estimates. This healthy economic backdrop contributed to the positive market tone. However, MarketScreener highlighted early caution in technology stemming from NVIDIA’s premarket dip, amid ongoing concerns about the United States and China.

Looking ahead, futures indicate mild gains on the back of today’s momentum, but traders are cautious due to next week’s highly anticipated U.S. employment figures. Additionally, more earnings from other major names are due tomorrow, and volatility could return as investors digest further clues on economic growth, inflation, and the path of interest rates.

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