S&P 500 Hits Record High Amid Nvidia Earnings and GDP Revision; Hormel Slumps

The S&P 500 climbed 0.3% on Thursday, August 28, 2025, marking another record close as Nvidia's earnings and an upward revision to U.S. GDP growth fueled optimism. The index breached the 6500 level for the first time, with the Dow and Nasdaq also posting gains. Nvidia, the world's most valuable company, saw its shares dip slightly, but the broader market rally underscored investor confidence in tech and AI-driven growth.

Datadog led the S&P 500 with a 7% surge, buoyed by enthusiasm for AI-powered software solutions. The company's recent product launches have positioned it as a key player in the expanding AI ecosystem. Meanwhile, Hormel Foods shares plummeted after missing profit estimates, citing rising commodity costs as a persistent headwind.

Market sentiment remains bullish, with institutional investors doubling down on tech exposure. The AI narrative continues to dominate, as evidenced by Datadog's outperformance and Nvidia's resilient valuation despite muted post-earnings movement.