U.S. stocks took a step higher on Wednesday, Aug. 6, as corporate earnings continue to impress, even as President Donald Trump‘s Thursday tariff deadline loomed large.
The Dow Jones Industrial Average gained 0.2%, or 81.38 points, to close at 44,193.12, while the S&P 500 tacked on 0.7%, or 45.87 points, closing at 6,345.06. The tech-heavy Nasdaq Composite jumped 1.2%, adding 252.87 points and finishing the session at 21,169.42. The Nasdaq’s surge was led by Apple, which announced a $100 million commitment to build domestic manufacturing infrastructure.
After a heavy slate of economic data, there are few reports expected this week that will command investors’ attention. The benchmark U.S. 10-year note added about 3 basis points to about 4.22%.
President Donald Trump imposed an additional tariff of 25% on goods from India Aug. 6 after trade talks fell through. Other countries jockeyed to reach deals ahead of a deadline Aug. 7.
The Securities and Exchange Commission on Wednesday said that liquid staking activities aren’t securities under federal law. Liquid staking refers to the process of staking crypto assets through a third party and receiving a “liquid staking receipt token” to show the staker’s ownership of the staked crypto assets and any rewards that accrue to them.
Bitcoin was trading nearly 2% higher at last check, near $115,205.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.