The US authorities have improved their assessment of the country's economic growth in the second quarter, with the new result being better than what analysts had expected. The reason for positivity was the data on investment and consumer spending, as well as imports. Also this week, the US Fed's preferred inflation indicator, the Personal Consumption Expenditures Index, will be published.

Revised data on the US economy for the second quarter exceeded expectations

NVIDIA Corporation

Snowflake Inc.

CrowdStrike Holdings, Inc.

Pure Storage, Inc.

Kohl's Corporation

Photronics, Inc.

The J. M. Smucker Company

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: Nvidia results will determine the course of trading

Unexpectedly rapid growth in the Chinese economy in the second quarter was a rare positive story in a pessimistic year for the luxury industry. However, China's strong GDP data does not cancel out the structural risks holding back consumption in a country that accounts for a quarter of global luxury sales.

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Revised data on the US economy for the second quarter exceeded expectations

Morning in New York: Nvidia results will determine the course of trading

China's economy outperformed forecasts in Q2. Why is this good for the luxury market?