US open: Stocks mixed as Nvidia fuels tech‑sector gains
By Iain Gilbert
Date: Thursday 27 Aug 2026
(Sharecast News) - Major indices were mostly higher at the open on Thursday as traders worked through fresh earnings from Nvidia and Salesforce.
As of 1510 BST, the Dow Jones Industrial Average was down just 0.02% at 53,453.38, while the S&P 500 advanced 0.42% to 7,707.78 and the Nasdaq Composite came out of the gate 1.01% firmer at 26,395.00.
Nvidia shares climbed more than 7% in early action after the chipmaker beat analyst expectations and guided for strong revenue growth ahead, with Q2 revenues more than doubling year‑on‑year, topping forecasts by the widest margin in two years, while Salesforce was up double-digits after delivering Q2 revenues that came in ahead of Wall Street estimates, and identity‑management firm Okta surged on booming demand linked to agentic AI.
As for Thursday's earnings, Best Buy posted better-than-expected second-quarter results on Thursday and raised its full-year guidance, although shares fell sharply as concerns around rising computer prices weighed on sentiment, while Dollar General beat quarterly sales estimates as lower-priced essentials drove consumers to its stores at a time of economic uncertainty and tariff refunds provided an earnings boost, leading the firm to also raise its annual sales forecast.
Marvell Technology will report after the close.
On the macro front, Americans lined up for unemployment benefits at a decelerated pace in the week ended 22 August, according to the Labor Department, with initial jobless claims dropping by 4,000 to 203,000. Last week's reading was below market expectations of rise to 208,000, holding the trend of low claim counts since dropping to an almost 60-year low of 189,000 in mid-July. Elsewhere, continuing claims fell by 18,000 to 1.778m, also below expectations, while the four-week moving average, which aims to strip out week-to-week volatility, rose by 1,250 to 205,500.
On another note, US wholesale inventories picked up pace in July, rising 1.3% month‑on‑month to $959.1bn, according to advance figures from the Census Bureau. The increase marked a sixth straight monthly gain and the strongest rise since March, comfortably topping expectations for a modest 0.1% uptick. The rebound was driven by a 1.6% jump in non-durable inventories, reversing June's decline, alongside faster growth in durable goods stocks, up 1.2%. Inventories were 5.7% higher than a year earlier, underscoring steady restocking despite pockets of softer demand.
Separately, the US goods trade deficit widened sharply in July, according to a preliminary estimate from the Census Bureau, increasing to $118.8bn from $101.4bn in June. Imports rose 3.7% to $318.2bn, led by an 11.3% surge in capital‑goods purchases and a small rise in consumer goods, offsetting declines across industrial supplies, autos and food categories. Exports, on the other hand, fell 2.9% to $199.4bn, marking a third consecutive monthly drop as shipments of industrial supplies tumbled 11.2% and food and automotive exports also weakened.
Still to come, the Kansas Fed's August manufacturing index will be released at 1600 BST.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Salesforce.Com Inc. (CRM) $243.26 18.38%
Intel Corp. (INTC) $90.27 4.72%
International Business Machines Corporation (CDI) (IBM) $233.83 1.45%
Microsoft Corp. (MSFT) $497.17 0.55%
Goldman Sachs Group Inc. (GS) $1,047.22 0.46%
Apple Inc. (AAPL) $311.57 0.28%
Travelers Company Inc. (TRV) $370.86 0.12%
Nike Inc. (NKE) $38.79 0.05%
Cisco Systems Inc. (CSCO) $112.46 0.04%
Walgreens Boots Alliance, Inc. (WBA) $0.00 0.00%
Dow Jones - Fallers
Johnson & Johnson (JNJ) $264.79 -2.00%
Merck & Co. Inc. (MRK) $149.99 -1.86%
Verizon Communications Inc. (VZ) $49.38 -1.56%
Amgen Inc. (AMGN) $436.29 -1.36%
Walt Disney Co. (DIS) $108.00 -1.32%
McDonald's Corp. (MCD) $264.03 -1.28%
Procter & Gamble Co. (PG) $143.25 -1.20%
Home Depot Inc. (HD) $331.41 -1.14%
3M Co. (MMM) $177.94 -1.04%
Coca-Cola Co. (KO) $89.23 -0.95%
S&P 500 - Risers
Salesforce.Com Inc. (CRM) $243.26 18.38%
Fortinet Inc. (FTNT) $164.79 7.13%
Nvidia Corp. (NVDA) $223.79 6.06%
Synopsys Inc. (SNPS) $441.71 5.78%
Autodesk Inc. (ADSK) $266.42 5.67%
Dollar General Corp (DG) $129.65 4.83%
F5 Inc. (FFIV) $409.28 4.76%
Intel Corp. (INTC) $90.27 4.72%
Adobe Systems Inc. (ADBE) $284.74 4.34%
CH Robinson Worldwide Inc (CHRW) $150.38 3.88%
S&P 500 - Fallers
Coterra Energy Inc. (CTRA) $32.56 -8.62%
HP Inc (HPQ) $28.75 -7.36%
Hormel Foods Corp. (HRL) $21.92 -6.16%
Best Buy Co. Inc. (BBY) $83.54 -4.91%
United Airlines Holdings Inc (UAL) $113.89 -4.67%
Monster Beverage Corp (MNST) $46.54 -3.92%
Bath & Body Works, Inc. (BBWI) $18.08 -3.86%
Booking Holdings Inc. (BKNG) $204.98 -3.66%
Equity Residential (EQR) $63.66 -3.50%
Mattel Inc. (MAT) $14.94 -3.42%
Nasdaq 100 - Risers
Nvidia Corp. (NVDA) $224.40 6.06%
Synopsys Inc. (SNPS) $440.98 5.78%
Autodesk Inc. (ADSK) $265.73 5.67%
Intel Corp. (INTC) $90.23 4.72%
Adobe Systems Inc. (ADBE) $284.84 4.34%
Baidu Inc. (BIDU) $96.53 3.85%
Workday, Inc. (WDAY) $198.66 3.45%
Cognizant Technology Solutions Corp. (CTSH) $63.64 2.86%
Meta Platforms Inc. (META) $580.58 2.76%
Broadcom Inc. (AVGO) $366.41 2.51%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Monster Beverage Corp (MNST) $46.53 -3.92%
Booking Holdings Inc. (BKNG) $204.73 -3.66%
Dollar Tree Inc (DLTR) $129.12 -3.19%
Hasbro Inc (HAS) $94.93 -3.03%
Charter Communications Inc. (CHTR) $150.13 -2.81%
T-Mobile Us, Inc. (TMUS) $177.53 -2.56%
Western Digital Corp. (WDC) $452.50 -2.49%
Netflix Inc. (NFLX) $79.60 -2.28%
Expedia Group Inc. (EXPE) $331.33 -2.27%
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN