Earlier on Thursday, the US Department of Commerce released an interim estimate of the country's quarterly GDP growth of 1.3% on an annualized basis, and not 1.1%, as shown by the first estimate.

In addition, US initial jobless claims for the week ending May 20 increased by 4,000 from the previous week's revised figure to 229,000. The figure was predicted at the level of 245 thousand.

At the close on the New York Stock Exchange, the Dow Jones fell 0.11% to hit a monthly low, the S&P 500 rose 0.88%, the NASDAQ Composite index rose 1.71%.

Microsoft Corporation (NASDAQ:MSFT) was the leading gainer among the Dow Jones Index components today, gaining 12.07 points or 3.85% to close at 325.92. Goldman Sachs Group Inc (NYSE:GS) rose 4.07 points or 1.27% to close at 323.88. Cisco Systems Inc (NASDAQ:CSCO) rose 0.62 points or 1.28% to close at 49.03.

The biggest losers were Intel Corporation (NASDAQ:INTC), which shed 1.60 points or 5.52% to end the session at 27.40. Verizon Communications Inc (NYSE:VZ) was up 1.05 points or 2.93% to close at 34.82, while Walgreens Boots Alliance Inc (NASDAQ:WBA) was down 0.82 points ( 2.66%) and finished trading at 29.97.

Among the S&P 500 index components gainers today were NVIDIA Corporation (NASDAQ:NVDA), which rose 24.37% to 379.82, Monolithic Power Systems Inc (NASDAQ:MPWR), which gained 17.46 % to close at 488.32, and Advanced Micro Devices Inc (NASDAQ:AMD), which rose 11.16% to close at 120.35.

The biggest loser was Dollar Tree Inc (NASDAQ:DLTR), which shed 12.03% to close at 136.66. Shares of Illumina Inc (NASDAQ:ILMN) shed 8.99% to end the session at 193.53. Quotes of First Republic Bank (OTC:FRCB) decreased in price by 8.62% to 0.28.

The leading performers in the NASDAQ Composite Index today were Wearable Devices Ltd (NASDAQ:WLDS), which rose 211.46% to 1.41, Beamr Imaging Ltd (NASDAQ:BMR), which gained 116.59 % to close at 4.96, and Nano Labs Ltd ADR (NASDAQ:NA), which rose 63.45% to close at 2.37.

The biggest losers were Annexon Inc (NASDAQ:ANNX), which shed 59.38% to close at 2.10. Shares of Biocept Inc (NASDAQ:BIOC) shed 45.41% to end the session at 2.32. Digital Turbine Inc (NASDAQ:APPS) dropped 42.97% to 8.23.

On the New York Stock Exchange, the number of securities that fell in price (1969) exceeded the number of those that closed in positive territory (1003), and the quotes of 94 shares remained practically unchanged. On the NASDAQ stock exchange, 2,509 companies fell in price, 1,072 rose, and 153 remained at the level of the previous close.

The CBOE Volatility Index, which is based on S&P 500 options trading, fell 4.44% to 19.14.

Gold futures for June delivery lost 1.21%, or 23.70, to hit $1.00 a troy ounce. In other commodities, WTI July futures fell 3.31%, or 2.46, to $71.88 a barrel. Brent futures for July delivery fell 2.86%, or 2.24, to $76.12 a barrel.

Meanwhile, in the Forex market, the EUR/USD pair remained unchanged at 0.26% to 1.07, while USD/JPY rose 0.45% to hit 140.10.

Futures on the USD index rose 0.37% to 104.19.