Nasdaq Hits Record High as S&P 500 and Dow Dip in Mixed Market Session

Major Indices Showed Mixed Performance :

S&P 500 (SPX): -0.08%

Dow Jones (DJI): -0.51%

Russell 2000 (RUT): -0.30%

On August 7, 2025, major U.S. stock indexes showed mixed performance. The Nasdaq Composite rose 0.35%, closing at a record high, driven by gains in chip stocks like Nvidia, Broadcom, AMD, and Taiwan Semiconductor, as well as a 3% surge in Apple shares after its $100 billion U.S. manufacturing investment announcement. The S&P 500 and Dow Jones Industrial Average, however, declined 0.1% and 0.5%, respectively, losing early gains.

Despite these daily losses, all major indexes were on track for weekly gains following significant losses the previous week due to tariff and economic concerns.

U.S. stock futures rose slightly early Friday, with Dow, S&P 500, and Nasdaq 100 futures each up about 0.25%-0.30%, following a mixed Thursday. Despite tariff concerns, chip stocks supported the Nasdaq after Trump exempted U.S.-based manufacturers from a 100% semiconductor tariff.

Notable S&P 500 decliners included Eli Lilly, down 14% after disappointing drug trial results, and Fortinet, which fell 22% due to a lackluster outlook.

Top gainers included Insulet, up 9.5%, and Becton Dickinson, up 8.9%, both driven by strong earnings.

10:00 am- St. Louis Fed President Alberto Musalem speech

The index declined -0.51% to close at 43,968.65.

Support for the day: 43,875.66, with potential upside levels at 44,138.80 and 44,236.45.

The index closed at 23,389.53, with support for the day at 23,314.44 and potential upside levels at 23,449.34 and 23,534.41.

The index closed at 6,339.99, with support at 6,320.80 and potential upside levels at 6,361.24 and 6,380.52.

The price was trading at $634.13 pre-market, with support at $632.93 and potential upside levels at $636.08 and $636.61.

The price was trading at $571.24 pre-market, with support at $570.19 and potential upside levels at $572.92 and $574.08.

The price was trading at $220.88 pre-market, with support at $220.55 and potential upside levels at $221.60 and $222.49.

The price was trading at $292.36 pre-market, with support at $291.98 and potential upside levels at $292.83 and $293.96.

The price was trading at $25.37 pre-market, with support at $25.255 and potential upside levels at $25.51 and $25.645.

Tempus AI (TEM) rose 5.78% on August 7, 2025, heading into its Q2 earnings on August 8, with analysts expecting a loss of $0.25 per share (improved from last year’s $0.63) and revenue of $297.76 million, up 79.41% year-over-year.

The stock has gained 74% YTD, driven by strong Q1 revenue growth of 75.4% to $255.7 million, fueled by an 89% increase in genomics revenue and oncology testing.

A $200 million partnership with AstraZeneca and Pathos, along with the Ambry Genetics acquisition, bolsters its precision medicine offerings. Despite bullish sentiment, concerns linger over ongoing losses, a high valuation (P/S ratio 10.14 vs. sector median 3.35), market volatility, and competitive pressures.

The price was trading at $63.90 pre-market, with support at $63.22 and potential upside levels at $64.15,$64.50, and $65.03.

fuboTV (FUBO) will report Q2 2025 earnings on August 8 before market open. Analysts expect revenue to decline 5.6% to $368.9M from last year’s 25% growth, with adjusted earnings at $0.03 per share.

Last quarter, revenue was $416.3M (up 3.5% YoY), missing estimates by 28.7%, but EPS and EBITDA beat expectations. Domestic subscribers fell 2.7% to 1.47M.

The price was trading at $4.02 pre-market, with support at $3.99 and potential upside levels at $4.06 and $4.08.

Wendy's (WEN) is projected to report Q2 2025 earnings of $0.25 per share, down 7.4% year-over-year, with revenues of $555.52 million, a 2.7% decline, as per Wall Street analysts.

Key metrics include a 3% drop in company-operated restaurant sales to $230.36 million, a 3.9% decrease in advertising funds revenue to $110.57 million, and slight declines in franchise-related revenues. The total number of restaurants is expected to rise to 7,336 from 7,261, with growth in international (1,367 vs. 1,236) and franchised locations (6,933 vs. 5,614), while company-operated restaurants remain nearly flat at 402.

The price was trading at $10.20 pre-market, with support at $10.09 and potential upside levels at $10.25 and $10.32.

Plains All American Pipeline LP (PAA) is expected to report Q2 2025 earnings on August 8, with a projected earnings per unit of $0.30, down 3.23% year-over-year, and revenues of $12.05 billion, a 6.84% decline.

The company's extensive pipeline and storage network in key U.S. oil regions, supported by fee-based contracts with creditworthy customers, is likely to ensure stable revenue streams despite market volatility.

The price was trading at $17.96 pre-market, with support at $17.945 and potential upside levels at $18.05 and $18.095.