Stock Market Update
06-Aug-25 10:35 ET
Technology sector sees early strength
Dow -15.43
at 44096.31,
Nasdaq +67.98
at 20983.15,
S&P +12.83
at 6312.02
[BRIEFING.COM] The major averages trade mixed, with the Nasdaq Composite (+0.3%) leading the S&P 500 (+0.2%) and DJIA (flat).
The White House has imposed an additional 25% tariff on imports from India, citing India's purchase of Russian oil amid the war in Ukraine. The increase brings the total tariff rate to 50% for India.
India is the largest manufacturing country for Apple's (AAPL 210.54, +7.62, +3.8%) iPhone and the executive order gave no mention of an exemption for Apple.
Apple posts the second-widest gains within the information technology sector (+0.5%), with Arista Networks (ANET 136.78, +18.66, +15.8%) claiming the top spot after reaching a new all-time high following an EPS beat of $0.08 and guiding Q3 revenues above consensus.
