At U.S. Eastern Time on Thursday, the three major U.S. stock indices collectively closed higher. The S&P 500 index hit a new historical high for the second consecutive trading day, while the Dow Jones Industrial Average also reached a record closing high. The Nasdaq index once approached its record level. As of the close, the Dow Jones Industrial Average rose 0.16% to 45,636.90 points; the S&P 500 index increased 0.32% to 6,501.86 points; and the Nasdaq index gained 0.53% to 21,705.16 points.

A piece of data released before the U.S. market opening became one of the driving forces boosting U.S. stocks: The U.S. second-quarter real GDP annualized quarter-over-quarter growth was revised up to 3.3%, higher than the initially reported 3.0% and the market expectation of 3.1%. The number of initial jobless claims in the U.S. last week slightly decreased to 229,000, while continuing claims dropped to 1.954 million, both below expectations.

Most large-cap tech stocks closed higher: Google rose 2.01%, Amazon gained 1.08%, Apple increased 0.90%, Microsoft advanced 0.57%, and Meta climbed 0.50%. Tesla fell 1.04%, and Nvidia declined 0.79%.

Nvidia's financial report released on Wednesday overall exceeded market expectations, with second-quarter revenue for fiscal year 2026 increasing by 56% year-over-year. However, its data center business revenue slightly missed expectations. After the earnings release, Nvidia fell over 5% in after-hours trading on Wednesday. It briefly turned higher at Thursday's opening but ultimately closed down 0.79%.

Popular Chinese concept stocks were mixed: The Nasdaq Golden Dragon China Index rose 0.14%. Ctrip surged 14.92%, Li Auto gained 2.92%, Nio increased 2.68%, NetEase advanced 2.35%, Baidu rose 1.24%, and Pony.ai climbed 1.03%. Pinduoduo closed flat. Tencent Music fell 3.56%, XPeng declined 3.48%, Alibaba dropped 2.18%, JD.com decreased 1.40%, and Bilibili dipped 0.13%.

The offshore yuan exchange rate against the U.S. dollar surged sharply, breaking through the 7.12 level during the day and reaching a high of 7.1182 yuan, gaining over 340 points and hitting a new intraday high since November 6, 2024. Gold rose on August 28, with spot gold reaching a high of $3,423 per ounce.