by Noel Randewich and Johann M Cherian

(Reuters) – The New York Stock Exchange ended mixed on Thursday, as the publication of reassuring data on the trajectory of the U.S. economy was hurt by a decline in Nvidia.

The Dow Jones index gained 0.6%, or 243.63 points, to 41,335.05 points.

The broader S&P 500 gained 0.37 points, or 0.01%, to 5,592.55.

The Nasdaq Composite fell by 39,597 points, or 0.2%, to 17,516.43 points.

The U.S. Commerce Department said second-quarter U.S. growth was revised to 3 percent, down from a previously estimated 2.8 percent, bolstering investor expectations that the U.S. economy should avoid a recession.

“Downward revisions to inflation are accompanying an upward revision to spending, which strengthens the case for a soft landing,” said Jeffrey Roach, chief economist at LPL Financials.

Investors are now awaiting the release of PCE inflation for July on Friday.

In terms of values, Nvidia fell after reporting results in line with expectations, which nevertheless disappointed investors.

CrowdStrike, for its part, progressed after reporting quarterly revenue that exceeded market expectations.

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(with Purvi Agarwal; by Camille Raynaud)

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