Merchants work on the ground of the New York Inventory Trade throughout afternoon buying and selling on August 1, 2025 in New York Metropolis.
Michael M. Santiago | Getty Photos
The S&P 500 rose on Wednesday as buyers analyzed the most recent batch of company earnings following a adverse session on Wall Road.
The broad market index gained 0.4%, whereas the Nasdaq Composite superior 0.6%. The Dow Jones Industrial Average traded up 67 factors, or 0.2%.
Apple jumped 3% after a White Home official confirmed to CNBC that the iPhone maker goes to spice up its funding in home manufacturing by $100 billion. That brings its whole U.S. funding to $600 billion over the subsequent 4 years.
Among the many different outperformers in the course of the session, McDonald’s moved 2% larger after the fast-food restaurant noticed its second-quarter results beat the Road’s estimates on the highest and backside traces. Similar-store gross sales for the quarter additionally marked the chain’s largest achieve in nearly two years.
Arista Networks additionally rallied 14% on a stronger-than-expected report.
On the flip aspect, Snap shares tumbled 20% after income got here in slightly below expectations, whereas Advanced Micro Devices fell 5% after posting adjusted earnings per share that missed estimates.
These strikes comply with a losing day for the market, marking the S&P 500‘s fifth down day of the final six and the Dow‘s sixth adverse session of the previous seven.
Tech shares lagged in Tuesday’s session, with the Nasdaq Composite sliding almost 0.7%. Small caps had been capable of buck the market downtrend, with the Russell 2000 climbing 0.6%.
“We simply want some digestion,” stated Keith Lerner, co-chief funding officer at Truist Wealth, on CNBC’s “Closing Bell.” “Markets do not transfer in a straight line. … However, total, I nonetheless suppose the underlying development is constructive.”
