Gokhan Ergocun
08 August 2025•Update: 08 August 2025
ISTANBUL
US stocks ended mostly in negative territory Thursday, while President Donald Trump's announcement that he would impose tariffs of approximately 100% on imported chips and semiconductors reflected positively on the technology-heavy Nasdaq.
The Dow Jones Industrial Average fell 0.51%, or 224.48 points, to close at 43,968.64.
The Nasdaq gained 0.35%, or 73.27 points, to close at 21,242.70, while the S&P 500 fell 0.08%, or 5.06 points, to 6,340.
The Volatility Index (VIX), also known as the “fear index," fell 1.19% to 16.57.
US President Donald Trump announced on Wednesday that he would impose tariffs of approximately 100% on imported chips and semiconductors, but that the tariffs would not apply to companies that commit to manufacturing in the US.
After Adriana D. Kugler resigned from the board of the US Federal Reserve last week, Trump nominated the chairman of the Council of Economic Advisors, Stephen Miran, to serve on the Federal Reserve Board on Thursday.
The number of Americans filing first-time unemployment claims rose by 7,000 last week to 226,000; the figure exceeded market forecasts of 221,000 and was up from the previous week's upwardly revised level of 219,000.
