Your Evening Briefing

August 07, 2025

Stocks end mixed as investors digest weak 30-year bond auction and new tariffs

Stocks were mixed Thursday, under some pressure after a weak 30-year Treasury auction and fresh trade noise as President Trump announced plans for new chip tariffs, which included exemptions for companies building in the US.

The S&P 500 slipped 0.08%, but closed well off session lows. Meanwhile, the Nasdaq 100 reversed off lows of the day to finsh 0.32% up. The Russell 2000 fell 0.30%.

Utilities and consumer staples led S&P 500 sector ETFs, while financials and healthcare lagged — dragged down by names like Eli Lilly, which reported disappointing trial results for its next-gen weight-loss pill despite crushing earnings expectations.

Gains on the day were led by AppLovin, which jumped 12% after the ad tech firm initially failed to impress traders with earnings after the bell yesterday. Declines were led in part by Airbnb, which fell 8% after the home-share giant topped Q2 estimates on Wednesday but warned of a slower back half of the year.

Elsewhere…

Joby Aviation shares fell another 9% after the air taxi company reported a worse-than-expected loss for the second quarter on Wednesday.
Duolingo shares rallied 13% after the language-learning company soundly beat Q2 estimates and raised both its full-year and third-quarter sales guidance.
Sunrun skyrocketed 32% after the energy storage and solar panel provider reported a surprise second-quarter profit and record customer demand for its energy storage systems.
Celsius shares popped 17% after the energy drink maker reported Q2 revenue of $739 million, blowing past analysts’ expectations of $652 million as its market share picks up.
Peloton jumped as much as 22% premarket before closing flat after the connected fitness company topped Q4 estimates and announced a cost restructuring plan to save at least $100 million in run-rate savings.
Apple shares jumped 3% after President Trump said “companies like Apple,” including other firms that build in the US, will avoid 100% chip tariffs.
NRG shares rose 3% after the power producer and energy trader’s adjusted earnings fell short of Wall Street estimates, while GAAP results swung to a surprise loss.
Hertz soared 7.7% after the car rental company reported a better-than-expected adjusted loss for the second quarter and its first positive adjusted corporate EBITDA in seven quarters.
Sony shares traded 4.5% higher after the company raised its full-year operating profit forecast, thanks to a smaller-than-expected tariff hit and strong performance in its gaming division.
DoorDash shares rose 5% after the food delivery giant topped Q2 estimates and posted its fourth consecutive profitable quarter.
Crocs shares sank 29% after the funky foam clog maker beat second-quarter estimates but offered a murky outlook as demand cools in North America, its key market.
Bumble shares fell 15% after the dating company reported a surprise loss in the second quarter after the bell Wednesday and has struggled to spark sales growth in recent years.
D-Wave Quantum dropped 2.3% after the Palo Alto-based quantum computing firm reported mixed second-quarter results, driven by a $142 million rise in the fair value of its warrant liabilities.
Intel fell 3% after President Trump posted on his social media platform, Truth Social, that CEO Lip-Bu Tan “is highly CONFLICTED and must resign, immediately.”

— Nia Warfield, Markets Writer

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POST-MARKET MOVE

Bill Ready, CEO of Pinterest
(Patrick T. Fallon/Getty Images)

Pinterest drops after earnings miss

Pinterest dropped after falling short of analysts’ expectations for adjusted earnings per share, reporting $0.33 versus the FactSet consensus estimate of $0.35.

The social media company beat on revenue, posting $998 million versus the expected $975 million, but it wasn’t enough to keep traders from bidding the stock down after-hours.

Read more.

Instacart pops as it beats on top and bottom lines
The company also gave a rosy forecast for the third quarter.
Grindr slips after earnings, revenue miss
Grindr reported revenue of $104.2 million, up 27% year over year, but less than the $104.7 million analysts were penciling in.
Block’s guidance hike sends shares higher
Block rose as the company boosted its guidance, overshadowing revenue that fell short of Wall Street’s expectations.
SoundHound AI reports better-than-expected earnings
The company has been fighting a running battle with short-sellers.
Take-Two climbs on strong revenue and outlook as the industry dreams of “GTA 6”
“Grand Theft Auto” publisher Take-Two Interactive reported earnings today.
Rocket Lab Q2 revenue beats, but loss was deeper than expected
The shares have been on fire, rising more than 800% over the last 12 months.
Gilead reports earnings, revenue beat
The company recently won approval for a twice-yearly HIV prevention shot.
OpenAI releases its long-awaited flagship model GPT-5
Researchers noted that the new AI model is “significantly less deceptive” than prior models as the company tries to shift expectations from the giant leaps in performance seen earlier in the AI boom
Cryptos surge as Trump signs executive order allowing the assets in 401(k)s
This move is considered by some to be one of Trump’s biggest crypto accomplishments
What happens when a budget British travel company takes the internet by storm?
TikTok has made Jet2 an international phenomenon... despite the company only operating in the UK.
Ives: Apple’s $100 billion investment is a “good strategic poker move for Cook”
The move helped Apple avoid 100% chip tariffs.
Toyota expects a whopping $9.5 billion hit from tariffs this year
Toyota reported its fiscal first-quarter results on Thursday.
BofA raises Apple price target after Trump exempts company from 100% chip tariff
The firm raised its price target to $250 from $240.

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