US EditionStock Market Live August 7: Shrugging Off Tariffs News, S&P 500 (VOO) Rises Again
UNITED STATES, AUG 7 – The S&P 500 rose 0.75% led by strong tech earnings and optimism over trade tariffs, with total corporate earnings hitting a record $2.3 trillion, analysts said.
- On August 7, 2025, Wall Street indices rose as the S&P 500 increased 0.46% to 6374.32, reflecting gains driven by tech and tariff news.
- Investor optimism followed hopes that major tech firms could be exempt from President Trump's 100% tariffs on imported computer chips.
- Arista Networks outperformed with strong earnings due to cloud demand, while Supermicro fell after its results missed expectations impacted by supply chain issues.
- Eli Lilly’s stock dropped more than 10% following unfavorable results for its new weight-loss medication, which dampened enthusiasm despite strong performance from its existing obesity treatment. Meanwhile, Intel’s shares fell 3% after President Trump publicly called for the company’s CEO to step down.
- These market shifts highlight ongoing investor focus on tech sector fundamentals amid tariff uncertainties, with gold prices also rising due to safe-haven demand.
14 Articles
14 Articles
Stock Market Live August 7: Shrugging Off Tariffs News, S&P 500 (VOO) Rises Again
Live Updates Live Coverage Updates appear automatically as they are published. Firefly Takes Wing 12:27 pm Space company Firefly Aerospace (Nasdaq: FLY) rang in the opening bell on the Nasdaq this morning, IPO’ing at $45 a share. Details are still coming in, and the stock doesn’t appear to have yet begun trading. But Firefly announced on X this morning that it sold 19,296,000 shares of common stock. Underwriters have the option of buying a f…
The Record
S&P/TSX composite index lower in late-morning trading, U.S. markets mixed
TORONTO - Canada's main stock index and U.S. markets were mostly lower in morning trading after tariffs President Donald Trump levied were applied to several countries.
Stock Market Today: S&P 500, Nasdaq Head for Record Highs; Dow Rising After Trump Tariffs Kick In; Apple, Eli Lilly, Nvidia, Intel, More Movers
The Dow, S&P 500, and Nasdaq are rising in early trading as the stock market digests President Donald Trump's reciprocal tariffs, which kicked in at midnight Thursday.
S&P 500 Index Targets Record Highs-Strong Earnings and Tariffs at the Wheel
The S&P 500 Index gained 0.75% on Wednesday, and that momentum is likely to stay in play as investors react to upcoming trade tariffs and Apple’s $100 billion US investment announcement. The Index has been bullish for some time amid a resurgence of investor confidence in the stability of US economic policies and calming of trade tariff fear. This set up could potentially push the index to new all-time highs in the short-term. Apple dodged a bull…
While US indices are surprisingly setting records, European stocks are lagging behind. And this trend could worsen.
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