<div id="readability-page-1"><div><div>The S&amp;P 500 extended its spectacular rally to fresh record highs on Thursday, even as its most influential stock, Nvidia Corp. NVDA, failed to impress with its latest quarterly results.Large-cap benchmarks remain on track for a third straight day of gains, with both the S&amp;P 500 and the Dow Jones Industrial Average hitting record territory. The tech-heavy Nasdaq 100, however, is still trailing about 1.5% below the all-time peak set last month.Despite Nvidia's 1% drop, the broader tech sector held firm, signaling underlying market strength now powered by a wider range of companies.On the economic front, U.S. GDP growth for the second quarter was revised higher to 3.3% from an earlier 3.1% estimate, rebounding sharply from a 0.5% contraction in the first quarter.Meanwhile, a legal battle officially began between Federal Reserve Governor Lisa Cook and President Donald Trump, potentially changing what the agency has long maintained — political independence. Trump's attempt to dismiss Cook earlier this week over mortgage fraud allegations was met with a rejection and a lawsuit. Cook will now attend a hearing about the lawsuit for 10 a.m. E.T. Friday in Washington, D.C.The U.S. dollar slipped 0.3%, boosting interest-rate-sensitive metals. Gold climbed 0.5% to $3,415 an ounce, its highest in five weeks, while silver jumped more than 1% to above $39.Cryptocurrencies also advanced, with Bitcoin BTC/USD up 1.5% to $112,900 and Ethereum ETH/USD edging 0.3% higher to $4,520.<h2>Thursday’s Performance In Major US Indices, ETFs</h2>According to Benzinga Pro data:<ul> <li>The Vanguard S&amp;P 500 ETF VOO inched 0.2% higher to $595.81.</li> <li>The SPDR Dow Jones Industrial Average DIA inched 0.1% up to $456.40.</li> <li>The tech-heavy Invesco QQQ Trust Series QQQ rose 0.6% to $576.66.</li> <li>The iShares Russell 2000 ETF IWM edged 0.1% up to $236.26.</li> <li>The Technology Select Sector SPDR Fund XLK outperformed, up 0.3%; the Real Estate Select Sector SPDR Fund XLRE lagged, down 0.5%.</li> </ul><h2>Stocks On The Move Thursday</h2>Other than Nvidia, stocks reacting to earnings reports included: <ul> <li>Snowflake Inc. SNOW, up 17%, </li> <li>Crowdstrike Holdings Inc. CRWD, up 2.5%, </li> <li>Dollar General Corp. DG, up 1.1%, </li> <li>Burlington Stores, Inc. BURL, up 7.54%</li> <li>Ambarella, Inc. AMBA, up 0.54%</li> <li>DICK’S Sporting Goods, Inc. DKS, down 3.18%</li> <li>Best Buy Co., Inc. BBY, down 4.78%</li> <li>Hormel Foods Corporation HRL, down 12.66%</li> <li>Brown-Forman Corporation BF, down 5.41%</li> <li>Ollie's Bargain Outlet Holdings, Inc. OLLI, down 1.66%</li> <li>Bath &amp; Body Works, Inc. BBWI, down 8.46%</li> </ul>Stocks slated to report earnings after the close include Dell Technologies Inc. DELL, Marvell Technology Inc. MRVL, Autodesk Inc. ADSK, Affirm Holdings Inc. AFRM, and Ulta Beauty Inc. ULTA.Now Read:<ul> <li>China Just Found Its Nvidia Replacement—And This Stock Has Exploded 125% </li> </ul>Image: Shutterstock</div></div></div>

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The S&P 500 reached new record highs on Thursday, despite Nvidia Corp.'s disappointing quarterly results. The broader tech sector remained strong, with the Nasdaq 100 lagging behind. U.S. GDP growth for Q2 was revised up to 3.3%. A legal dispute involving Federal Reserve Governor Lisa Cook and President Trump began, potentially impacting the Fed's political independence. The U.S. dollar fell, boosting gold and silver prices. Major indices showed slight gains, with stocks like Snowflake and Crowdstrike rising, while Nvidia dropped 1%. Earnings reports are expected from several companies after market close.

- The S&P 500 reached new record highs despite Nvidia's disappointing quarterly results, with the broader tech sector showing resilience.  
- U.S. GDP growth for the second quarter was revised up to 3.3%, while a legal dispute involving Federal Reserve Governor Lisa Cook and President Trump began, potentially affecting the Fed's political independence.  
- The U.S. dollar fell 0.3%, leading to gains in gold and silver, while cryptocurrencies like Bitcoin and Ethereum also saw increases.

S&P 500 Breaks New Records But Nvidia Misses The Party: What's Moving Markets Thursday?