Stock Market Today: Markets Extend Rally as Economic Momentum Spurs Broad-Based Gains

The S&P 500 (SNPINDEX: ^GSPC) closed at a fresh record of 6,501.86, rising 20.46 points (0.32%), while the Nasdaq Composite (NASDAQINDEX: ^IXIC) outpaced with a 0.53% gain to 21,705.16, and the Dow Jones Industrial Average (DJINDICES: ^DJI) added 0.16% to finish at 45,636.90--also near a record high. Gains were underpinned by a revised second-quarter GDP report showing U.S. annualized growth of 3.3%, up from the preliminary 3%, reinforcing the economy's resilience.

Technology and communication services led the rally, with Broadcom (NASDAQ: AVGO), Amazon (NASDAQ: AMZN), and Alphabet (NASDAQ: GOOGL) advancing strongly. Meanwhile, Nvidia (NASDAQ: NVDA) delivered a quarterly revenue beat but slipped modestly after guidance pointed to slower AI-chip demand, tempering enthusiasm in semiconductor names. Earnings were mixed elsewhere: Burlington Stores (NYSE: BURL) and Dollar General (NYSE: DG) rallied on strong results, while Hormel Foods (NYSE: HRL) fell sharply after issuing a weak outlook.

Market stress remains subdued, with the CBOE Volatility Index near year-to-date lows, though analysts warn of a possible uptick as fall approaches.

Looking ahead, investors will watch Friday's PCE inflation data and upcoming retail earnings for further signals on growth and the Federal Reserve's policy stance.

Market data sourced from Google Finance and Yahoo! Finance on Thursday, Aug. 28, 2025.

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Daily Stock News has no position in any of the stocks mentioned. This article was generated with GPT-5, OpenAI's large-scale language generation model and has been reviewed by The Motley Fool's AI quality control systems. The Motley Fool has positions in and recommends Alphabet, Amazon, and Nvidia. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.