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2025.08.0617:24:39UTC+00US Stocks Extend Gains

On Wednesday, U.S. stocks built on earlier gains as the market continued to evaluate the latest earnings reports, corporate developments, and potential impacts from changes in trade policy on businesses' supply chains and monetary policy. The S&P 500 advanced nearly 1%, while the Nasdaq 100 rose by 1.2%, nearing last week’s record high, and the Dow Jones added a modest 150 points. Amazon experienced a significant rise, jumping nearly 6% with President Donald Trump poised to announce a new $100 billion investment plan for domestic manufacturing. Arista Networks soared 15% after surpassing earnings expectations, and McDonald’s increased by 2% following strong earnings and revenue reports. Conversely, AMD fell more than 6% due to uncertainty surrounding its timeline for resuming sales in China. Walt Disney declined by 4.9% after missing revenue forecasts, and Uber dipped 0.9% despite stronger-than-anticipated results. In trade news, the United States increased tariffs on India to 50% as the country continued its practice of purchasing and re-exporting Russian oil.

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