The final results of the session indicate that the Dow Jones Industrial Average rose by 0.18%, the tech-heavy Nasdaq advanced by 1.21%, and the broader S&P 500 gained 0.73%.
In a “market in full expansion,” investors “temporarily forgot about trade fluctuations and economic data,” observed José Torres of Interactive Brokers.
Tech giant Apple (+5.09%, to $213.25) was in the spotlight following the announcement, confirmed to AFP by a senior White House official, that the company would increase its planned investments in the United States by $100 billion.
In total, commitments will amount to $600 billion over four years. The official announcement is expected later today, in the presence of U.S. President Donald Trump.
“By publicly announcing a national investment with Donald Trump, the likelihood of the U.S. president imposing new tariffs on Apple is reduced,” said Christopher Low of FHN Financial to AFP.
The California-based group estimated costs generated by U.S. tariffs at $1.1 billion this quarter, in addition to the $800 million recorded in the previous quarter.
Furthermore, according to Christopher Low, “Apple is lagging in the artificial intelligence (AI) race,” a crucial sector for American technology, and “part of this overall investment” in the U.S. aims precisely to fill this gap.
The analyst added that in the absence of significant economic data, the U.S. stock market is benefiting from an earnings season that so far has been regarded as good in terms of profits and projections.
“This suggests that tariffs have not yet significantly squeezed margins and that there is some room for companies to remain profitable while dealing with tariff surcharges,” Low emphasized.
Wall Street was not shaken by the announcement of an additional 25% U.S. tariff on a large number of Indian products, on top of the existing 25% tariff set to take effect on Thursday, justified by Washington with purchases of Russian oil.
Less than 24 hours before the implementation of tariffs targeting most of the United States’ trade partners, Christopher Low noted a form of investor habituation to Donald Trump’s protectionist policy.
Semiconductor giant Advanced Micro Devices (AMD) sharply fell today (-6.42% to $163.12) after reporting mixed results. Investors were disappointed with the group’s performance in its data centers.
Snap, the parent company of Snapchat, plummeted (-17.15%, to $7.78), harmed by quarterly performance below expectations, especially in the advertising segment.
The fast-food chain McDonald’s also showed high demand (+2.98%, to $307.66), after second-quarter results that were roughly in line with market expectations, with revenue benefiting from new menu items and promotions aimed at attracting low-income customers once again.
