At the same time, US economic data also came with positive news. The latest preliminary data released by the U.S. Bureau of Economic Analysis (BEA) shows that the annual growth rate of the U.S. real GDP in the second quarter of 2025 was 3.0%, which exceeded market expectations.
After the data was released, US President Trump commented that the GDP in the second quarter was just announced, which was much better than expected. Hassett, director of the White House National Economic Commission, also said that GDP data showed strong economic growth in the United States and is expected to grow by 4% in the third quarter.
Surges across the board
On the evening of July 30, Beijing time, after the opening of the US stock market, the three major indexes fluctuated slightly. As of press time, the Dow Jones Industrial Average fell 0.04%, the Nasdaq rose 0.34%, and the S&P 500 rose 0.14%.
Most of the large-scale technology stocks in the US stock market rose, Nvidia rose 1.8%, and Morgan Stanley raised Nvidia’s target price from $170 to $200; Broadcom rose more than 1%, while Microsoft, Google, Meta, TSMC ADR and Tesla all rose slightly.
Stimulated by positive performance, the top U.S. stocks have soared across the board. Specifically:
The share price of US catering operator Wingstop soared by more than 29% at the beginning of the session, with its share price reaching its highest level since 2022. The company’s adjusted earnings per share exceeded market expectations in the second quarter, according to the financial report.
The share price of the American online lender LendingClub once soared by more than 31%. The company’s financial report showed that revenue and earnings per share in the second quarter exceeded expectations, and the third-quarter performance guidance showed that loan issuance was strong.
The share price of semiconductor test equipment maker Terida once soared by more than 22%. The financial report showed that its revenue in the second quarter reached US$651.8 million, and its adjusted earnings per share was 57 cents, both exceeding market expectations.
The share price of Vans and The North Face parent company Weifu Group once soared by more than 24%. The financial report shows that its revenue in the first quarter of fiscal year 2026 was US$1.8 billion, exceeding market expectations and losses were smaller than expected.
The share price of sports live TV streaming platform FuboTV once soared by more than 22%. Its preliminary financial results for the second quarter showed that it is expected that the global streaming business revenue and the number of paid users in the second quarter will exceed expectations.
