Mücahithan Avcıoğlu
August 06, 2025•Update: August 06, 2025
ISTANBUL
US stocks closed Wednesday higher as Apple led the gains ahead of a major domestic investment announcement.
The Dow was up 0.18%, or 81.38 points, to close at 44,193.12.
The Nasdaq composite rose 1.21%, or 252.87 points, to end at 21,169.42, and the S&P 500 climbed 0.73%, or 45.87 points, to 6,345.06.
Apple will boost its investment in domestic manufacturing by $100 billion, according to CNBC, totaling its overall investments in the US to $600 billion in the next four years.
Shares of the iPhone maker jumped 5.1% after the news, ahead of the investment announcement.
US President Donald Trump signed an executive order Wednesday imposing an additional 25% tariff on India in response to its continued purchase of Russian oil, according to the White House.
"To deal with the national emergency described in Executive Order 14066, I determine that it is necessary and appropriate to impose an additional ad valorem duty on imports of articles of India, which is directly or indirectly importing Russian Federation oil," said the order.
The tariffs will be effective in 21 days from the date of the order that said Commerce Secretary Howard Lutnick, in coordination with Secretary of State Marco Rubio. Treasury Secretary Scott Bessent and other officials shall determine whether any other country is "directly or indirectly" importing Russian Federation oil.
Google committed $1 billion to support education, job training programs, research on artificial intelligence in US universities. Stocks at Alphabet, Google’s parent company, was up 0.82% on the news.
McDonald's shares rose 3% after the fast food chain's earnings beat expectations in the second quarter.
Chip maker AMD's stock fell 6.42% after it reported lower-than-expected earnings per share in the second quarter.
Shares of Arista Networks, a US computer networking firm, gained 17.4% as its financial results exceeded expectations.
Super Micro Computer shares fell 18.3% after the company reported weaker-than-expected results and earnings.
Walt Disney fell 2.7% after the company's profits exceeded forecasts but revenue fell short of expectations, while Uber was down 0.3% despite revenue exceeding expectations.
Meanwhile, optimism for the Fed interest rate cuts persisted following weak employment data last week.
The Volatility Index (VIX), also known as the “fear index," dropped 6.05% to 16.77.
