Nasdaq leads gains on Wall Street, helped by Apple
Wed August 6, 2025 4:00 PM
Contrary to Friday, there was nothing but good news today, starting with Apple committing to $100B of domestic manufacturing along with a slew of positive Q2 reports. With 4/5 of the S&P having now reported, earnings continue to exceed forecasts with 80% beating estimates vs a 76% average. One Fed prez has said that rate cuts need to come soon which has now skyrocketed the odds for a September cut to 95.2% vs 46.7% just a week ago.
Tariffs continue to produce uncertainty but, as today’s expert put it, “investors appear to be upbeat about the near term.” Q2 S&P earnings growth is now at a whopping 12.1%, way up from the 5.8% a month ago. Volume remains well below the 18.27 average, today coming in at 16.85 billion.
DJ: 44,111.74 -61.90 NAS: 30,916.55
-137.03 S&P: 6,299.19
-30.75 8/5
DJ: 44,193.12 +81.38 NAS: 21,169.42
+252.87 S&P: 6,345.06
+45.87 8/6
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