Tech Stocks Soar as Apple Announces Massive US Investment and Tariff Exemptions

07/08/2025

Driven by a surge in Apple's stock following a major US investment announcement and tariff exemptions, the Nasdaq and S&P 500 posted significant gains. Despite mixed earnings reports from companies like Disney and AMD, strong performances from McDonald's and Uber, and an upbeat forecast from DoorDash buoyed the market. Broader economic concerns about looming tariffs and potential Federal Reserve interest rate cuts also influenced investor sentiment.

US stock markets finished higher on Wednesday, with the Nasdaq surging more than one percent and the S&P 500 climbing over 0.7%. The Dow Jones Industrial Average rose by nearly 0.2%, which was fueled by a significant jump of more than 5% in Apple (AAPL) shares. The increase came after the company announced a $100 billion investment in US manufacturing and was granted exemptions from the bulk of tariffs on its products from India.

Earnings reports also affected the market. Disney (DIS) exceeded forecasts, but a drop in its traditional television sector caused its stock to drop. Super Micro Computer and AMD saw their stock prices plummet, while Uber and McDonald's announced a $20 billion stock buyback and other encouraging news. DoorDash (DASH) surged on a bullish outlook after the market closed, but shares of Lyft (LYFT) and Airbnb (ABNB) fell.

The market also responded to political and economic factors. President Trump's looming tariff deadline prompted scrambling among trade partners, and he also announced a new 100% tariff on semiconductors, with exemptions for companies building in the US. A Federal Reserve official's comments suggested a potential interest rate cut, adding to the day's market dynamics.

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Wynn Macau (01128) Holding Shareholder Wynn Resorts, Limited's second quarter operating revenue from Macau business was approximately 128 million US dollars, a year-on-year decrease of 20.78%.

PRINX CHENGSHAN (01809): Tire production base in Thailand resumes production.