S&P500 and Nasdaq 100: US Stocks Climb as Apple Boosts Manufacturing Investment

S&P 500 Rebounds on Corporate Earnings and Apple’s U.S. Investment Boost

The S&P 500 advanced 0.4% Wednesday as traders reacted to stronger-than-expected corporate earnings and a major domestic investment pledge from Apple. The Nasdaq gained 0.6%, while the Dow Jones rose by 67 points, or 0.2%. The move followed a string of weaker sessions for the major indexes, offering some relief after recent selling pressure.

Apple led the rally, jumping 3% after the White House confirmed the tech giant will boost its U.S. investment by an additional $100 billion. The announcement adds to an already committed $500 billion over four years, signaling an aggressive push to expand domestic manufacturing and AI infrastructure. The stock gained momentum as traders welcomed the geopolitical hedge and potential supply chain stability.

Are Corporate Earnings Offering Fresh Support for the S&P 500?

Corporate earnings provided a mixed but net-positive catalyst. McDonald’s added 2% after beating Q2 expectations, with same-store sales climbing at their fastest rate in nearly two years. Arista Networks surged 14% following a strong report, making it the S&P’s top performer. Conversely, Snap dropped 20% on a revenue miss, and AMD slid 5% after adjusted EPS fell short of consensus.

Opendoor also came under pressure, plunging 19% after issuing weak forward guidance and slashing its revenue outlook. Despite recent support from retail traders, the company projected Q3 revenue between $800 million and $875 million—a year-over-year drop of at least 36%. The CEO acknowledged the retail interest but warned of a continued tough environment.

Which Sectors Are Leading—and Lagging?

Consumer sectors led the day, with Consumer Staples and Consumer Discretionary both up over 1.3%. Technology added 0.46%, with gains supported by Apple and broader strength in semis. On the downside, Health Care fell 0.76%, while Materials and Industrials were marginally lower.

Communication Services edged higher by 0.21%, though Snap’s steep decline dragged on the space. Utilities slipped 0.18%, underperforming as risk appetite increased.

What Should Traders Watch Moving Forward?

While Wednesday’s gains provided a technical bounce, the S&P 500 remains weighed by recent downside pressure, with five down sessions in the past six trading days. Traders are watching closely for broader participation in rallies and signs of earnings resilience across sectors.

Looking ahead, attention will turn to additional mega-cap tech results, any Federal Reserve commentary, and further economic data that could shape rate expectations. Continued sector rotation and earnings surprises will remain key drivers for index direction.

More Information in our Economic Calendar.