{"id":343826,"date":"2025-08-07T16:44:00","date_gmt":"2025-08-07T20:44:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=343826"},"modified":"2025-08-08T11:14:09","modified_gmt":"2025-08-08T15:14:09","slug":"nasdaq-rises-but-tariffs-pressure-stocks","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/nasdaq-rises-but-tariffs-pressure-stocks\/","title":{"rendered":"Nasdaq rises, but tariffs pressure stocks"},"content":{"rendered":"\n<p>It was a very mixed Thursday as Trump&#8217;s latest tariffs pressured markets while earnings helped and hindered some names. Trump slapped new 15% tariffs on traditional trading partners, including the EU, South Korea and Japan. Even Switzerland was recently hit with a 39% duty. Add to that the weekly U.S. jobless claims coming in at its highest level in a month. The Dow sank 0.51% and the S&amp;P surrendered five points, though the Nasdaq rose 0.35% to 21,242, a record close. <\/p>\n\n\n\n<p>Meanwhile, earnings continued to roll in. <a href=\"https:\/\/stockchase.com\/LLY-N\">Eli Lilly<\/a> tumbled 14.14% while <a href=\"https:\/\/stockchase.com\/FTNT-Q\">Fortinet<\/a> crashed 22.03%. <a href=\"https:\/\/stockchase.com\/ABNB-Q\">Airbnb<\/a> slid 8.02%, though <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple<\/a> advanced another 3.18% and <a href=\"https:\/\/stockchase.com\/AMD-Q\">AMD<\/a> jumped 5.69%. The U.S. 10-year yield held around 4.242% while <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> increased 2% to US$117,395.<\/p>\n\n\n\n<p>The TSX hit an intraday all-time high early on, but sank 0.65% by the close. Only three sectors, including materials, enjoyed gains. Discretionary and tech saw the biggest losses. Major movers: <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining<\/a> up 10.52%, <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife<\/a> -3.86%, <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> -3.04%, <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna<\/a> -12.04% and <a href=\"https:\/\/stockchase.com\/CTC-T\">Canadian Tire<\/a> -10.04%. Gold advanced US$30 to US$3,399 while WTI slipped 1% to US$63.70.<\/p>\n\n\n\n<p>&#x1f48a; <a href=\"https:\/\/stockchase.com\/LLY-N\">Eli Lilly &amp; Co. (LLY-N)<\/a> -14.14%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/FTNT-Q\">Fortinet Inc (FTNT-Q)<\/a> -22.03%<\/p>\n\n\n\n<p>&#x1f9f3; <a href=\"https:\/\/stockchase.com\/ABNB-Q\">Airbnb (ABNB-Q)<\/a> -8.02%<\/p>\n\n\n\n<p>&#x1f34e; <a href=\"https:\/\/stockchase.com\/AAPL-Q\">Apple Inc (AAPL-Q)<\/a> +3.18%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/AMD-Q\">Advanced Micro Devices (AMD-Q)<\/a> +5.69%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +2%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining Corp. (LUN-T)<\/a> +10.52%<\/p>\n\n\n\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/MFC-T\">Manulife Financial (MFC-T)<\/a> -3.86%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> -3.04%<\/p>\n\n\n\n<p>&#x1f948; <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines (FVI-T)<\/a> -12.04%<\/p>\n\n\n\n<p>&#x1f6cd; <a href=\"https:\/\/stockchase.com\/CTC-T\">Canadian Tire Corporation Ltd (CTC-T)<\/a> -10.04%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was a very mixed Thursday as Trump&#8217;s latest tariffs pressured markets while earnings helped and hindered some names. Trump slapped new 15% tariffs on traditional trading partners, including the EU, South Korea and Japan. Even Switzerland was recently hit [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-343826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=343826"}],"version-history":[{"count":2,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343826\/revisions"}],"predecessor-version":[{"id":343830,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/343826\/revisions\/343830"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=343826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=343826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=343826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}