US Equity Markets End Higher Following US GDP, Jobs Data

04:13 PM EDT, 08/28/2025 (MT Newswires) -- US benchmark equity indexes ended higher on Thursday as investors assessed the latest data on the US economy and jobs.

* Gross domestic product was revised upward to a 3.3% increase in Q2, surpassing the 3% gain in the advance estimate and the 3.1% growth expected in a Bloomberg survey, following a 0.5% decline in Q1.

* Jobless claims last week dropped to 229,000, down from a revised 234,000 the previous week and below analysts' expectations of 230,000, according to a Bloomberg survey.

* Nvidia (NVDA) reported fiscal Q2 adjusted earnings late Wednesday of $1.05 per diluted share, up from $0.68 a year earlier and surpassing expectations of $1.01. Revenue rose to $46.7 billion, beating the $46.1 billion forecast and climbing from $30 billion a year earlier. The stock fell 0.8% on Thursday.

* October West Texas Intermediate crude oil rose $0.15 to settle at $64.30 per barrel, while October Brent crude, the global benchmark, was last seen up $0.22 to $68.27.

* Agilent Technologies (A) shares rose 5.3%, a day after the company reported higher fiscal Q3 results and raised its full-year revenue guidance.

* Cooper (COO) shares fell 13% after multiple investment firms slashed their price targets on the stock, a day after the company reported fiscal Q3 results and guidance. Citigroup downgraded the shares to neutral from buy.

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