Apple Jumps, Eli Lilly Crashes On Worst Day In 25 Years: What's Moving Markets Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2025
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Source: Benzinga
Market Performance: U.S. equities experienced a decline, with the S&P 500 down 0.3%, the Dow Jones Industrial Average falling 0.8%, and the Nasdaq 100 remaining nearly unchanged; notable movements included Apple Inc. rising by 3% while Eli Lilly saw a significant drop of 14% after disappointing trial results for its weight-loss drug.
Tariff Impact: President Trump's announcement of a 100% tariff on imported semiconductors led to mixed reactions in the chipmaking sector, with companies like Advanced Micro Devices and Taiwan Semiconductor Manufacturing Co. gaining, while Intel's stock fell following calls for its CEO's resignation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
