07.08.202516:24:52UTC+00US Stocks Erase Gains

U.S. stocks exhibited volatility on Thursday, initially gaining before trading with mixed results as the market reacted to the White House's latest economic policy shifts. The S&P 500 remained unchanged, while the Dow Jones Industrial Average declined by over 200 points. In contrast, robust activity in the technology sector propelled the Nasdaq 100 to a record high with a 0.5% increase. President Trump revealed plans to impose a 100% tariff on semiconductor imports, although companies that manufacture a part of their products domestically or demonstrate future investment intentions might be spared from these tariffs. Notably, Nvidia and Broadcom stocks rose by 1%, and AMD jumped by 6%, successfully offsetting its previous session's earnings-related decline. Additionally, Apple experienced a 3% surge, fueled by its announcement to invest $100 billion in U.S. manufacturing. Conversely, Eli Lilly saw a 15% drop following the release of underwhelming results from its weight-loss medication study. Intel also slipped by 2% after President Trump publicly asked for the resignation of the company's CEO.