In the early morning of the 26th Beijing time, US stocks closed higher on Thursday, led by technology stocks. The stock index was boosted by some good news from overseas economies. Markets are watching the annual meeting of the central bank in Jackson Hole, waiting for Federal Reserve Chairman Powell to make a speech tomorrow to learn about the Fed's latest position on monetary policy.

The Dow rose 322.55 points, or 0.98%, to 33291.78; the Nasdaq rose 207.74, or 1.67%, to 12639.27; and the S & P 500 rose 58.35, or 1.41%, to 4199.12.

Good news from overseas economies boosted US stocks on Thursday.

The high-profile Fed Jackson Hole economic seminar began on Thursday. Federal Reserve Chairman Jerome Powell will speak Friday morning EDT.

Investors will delve into Powell's comments on Friday for clues to the Fed's policy direction. It is speculation about the Fed's future policy path that largely determines the recent market trajectory.

Atlanta Fed President Bostick warned on Thursday that strong economic data could cause the Fed to raise interest rates by another 75 basis points.

In economic data on Thursday, the Labor Department reported that initial jobless claims fell to 243000 in the week ended Aug. 20, compared with an expected 253000, compared with 250000.

Another data shows that the revised annualized quarterly rate of real GDP in the United States shrank by 0.6% in the second quarter, expected to be-0.8%, and the previous value was-0.90%.

Goldman Sachs Group estimates that there is a 30 per cent chance that the US will fall into recession next year and about 50 per cent over the next two years.

Top US stock turnover on Thursday$Tesla (TSLA.US)$It closed down 0.35% to close at US $15.696 billion.Tesla, Inc. shares still have room to rise after their second split in two years, according to a report by Wedbush analyst Dan Ives on Thursday. Ives set a new target price of $360 for Tesla, Inc. to reflect its shares, which took effect today, up 21 per cent from Wednesday's closing price. Tesla, Inc. stock was split 5% in August 2020.

Ives's continued confidence in Tesla, Inc. stems from the company's ability to increase production at its Shanghai plant. The report said that the momentum of the Tesla, Inc. factory is now gaining momentum, which should promote a substantial increase in sales by the end of the year. "for Tesla, Inc., demand is not a problem, supply used to be a problem, but now it is clearly on an upward trajectory," he said.

Second place$NVIDIA (NVDA.US)$It closed 4.01% higher, with a turnover of US $13.534 billion.NVIDIA Corp game business suffered setbacks, second-quarter results, third-quarter revenue guidelines are lower than expected. The company's total revenue in the second quarter rose 3 per cent to its worst quarterly performance, with gaming revenues of $2.04 billion, down 33 per cent from a year earlier, and data center revenues of $3.81 billion, up 61 per cent from a year earlier. Looking ahead, NVIDIA Corp expects Q3 revenue of about $5.9 billion, far less than analysts' expectations of $6.92 billion.

Third place$Apple (AAPL.US)$It closed 1.49% higher, with a turnover of $8.67 billion.Apple Inc announced plans to hold a product launch on Sept. 7, when it is expected to launch a series of iPhone14 phones and a new generation of smartwatches.

No. 7 Cloud Computing and data Analysis Software Company$Snowflake (SNOW.US)$It closed up 23.07%, with a turnover of $4.842 billion.After the company reported strong second-quarter results and guidance, several Wall Street analysts pointed to the "strategic nature" of the company.

Snowflake Inc's second-quarter product revenue reached $466.3 million, with analysts expecting $438.1 million, an increase of 83 per cent year-on-year, and remaining performance obligations of $2.7 billion in the second quarter, up 78 per cent from a year earlier. In terms of earnings guidance, the company expects third-quarter product revenue of $50-505 million, with analysts expecting $501.1 million; full-year product revenue of $191-1.92 billion, higher than analysts' expectations of $1.9 billion; and raising its full-year adjusted operating profit margin to 2.0%. The company had expected 1.0%.

Morgan Stanley gave Snowflake Inc an "overweight" rating with a target price of US $274. Stifel rated the stock "neutral" and raised its target price to $180 from $120. Credit Suisse gave Snowflake Inc an "outperform" rating with a target price of $250.

No. 9$Salesforce (CRM.US)$It closed down 3.39% on a turnover of $4.064 billion.Revenue in the second quarter was $7.72 billion, up 22 per cent from a year earlier and slightly higher than market expectations of $7.7 billion; net profit was $68 million, down 87 per cent from a year earlier; and adjusted diluted earnings per share were $1.19, exceeding market expectations of $1.03. The company also announced its first-ever share buyback program, worth up to $10 billion.

Looking ahead, Safari expects third-quarter earnings per share of between $1.20 and $1.21, on revenue of between $7.82 billion and $7.83 billion. According to this forecast, revenue in the third quarter will grow by about 14 per cent year-on-year. Due to continuing macro headwinds, the company cut its revenue forecast for fiscal 2023.

Baird lowered its target price to $230 from $260 after the company announced its results. Goldman Sachs Group lowered the target price of the stock to $320 from $340.

No. 10 Chinese-listed stocks$Alibaba (BABA.US)$It closed 7.97% higher, with a transaction of $3.75 billion.

No. 13$Dollar Tree (DLTR.US)$It closed down 10.22% on a turnover of US $1.842 billion.In the second quarter, the company's diluted net income per share was $1.60, up from $1.23 in the same period last year and in line with analysts' expectations of $1.60. Net sales were $6.77 billion, up from $6.34 billion in the same period last year, below analysts' expectations of $6.8 billion. For the third quarter, the company expects earnings per share of between $1.05 and $1.20, while analysts expect earnings of $1.80 a share; sales are expected to be between $6.75 billion and $6.87 billion, compared with analysts' forecasts of $6.89 billion.

No. 14$Plug Power (PLUG.US)$It closed 9.01% higher, with a turnover of US $1.788 billion.The company announced on Thursday that it had signed a green hydrogen supply agreement with Amazon.Com Inc to supply it with 10950 tons of liquid green hydrogen a year from 2025 to help Amazon.Com Inc's business decarbonize to achieve net zero carbon emissions by 2040. Prager Energy expects the partnership to help the company achieve its revenue target of $3 billion by 2025.

No. 19 Chinese listed stock$Pinduoduo (PDD.US)$It closed 12.44% higher, with a transaction of $1.326 billion.Pinduoduo plans to launch a cross-border e-commerce platform next month, starting with the United States, according to people familiar with the matter. The company's share price has risen continuously recently. Industry insiders said that the capital market obviously has confidence in going out to sea. In addition, the company launched a 24-day online "Super Agricultural Festival", covering 200000 agricultural products and more than 100000 agricultural stores across the country.

The following are the 20 most actively traded stocks of the day (by turnover):