Earnings Dominated Wall Street Trading On Wednesday

Barry Adams
06 Aug, 2025
New York City

U.S. investors reacted to the latest batch of earnings as corporate results piled up on Wednesday.

The S&P 500 index edged up 0.1%, and the tech-focused Nasdaq Composite advanced 0.2%, as investors reviewed quarterly updates from Uber Technologies, Disney, and McDonald's.

Investor sentiment has remained cautiously optimistic this week, supported by a steady flow of positive earnings, despite the ongoing Trump administration's tariff chaos. 

The sharp escalation of tariffs on goods has slowly started filtering down to consumers, as automakers, apparel retailers, farm equipment markers, and electronic chip and device makers struggle to adjust to high import taxes.

Donald Trump threatened to increase import tax on pharmaceuticals to as high as 250% and announce new tariffs on India in the next 24 hours. 

Moreover, the constantly changing tariff rules and rates are weighing on businesses, as corporations delay investments and avoid making critical investment decisions in the face of economic uncertainty rooted in the Trump administration's lack of stable policies.

 

U.S. Stock Movers 

Uber Technologies advanced 1.5% to $90.70, and the ridesharing company reported mixed quarterly results. 

In the second quarter, the company earned 63 cents on revenue of $12.65 billion, and the company announced a $20 billion stock repurchase program. 

Walt Disney Company declined 2.5% to $115.20 after the company reported mixed quarterly results.

Revenue in the fiscal third quarter rose 2% to $23.7 billion, and operating income advanced 8% to $4.6 billion. 

In the quarter, the company added 2.6 million net new subscribers, with essentially all growth coming from international markets. 

The company revised higher its adjusted earnings per share estimate for the full year to $5.85 from $5.75 released in the previous quarter. 

ESPN, the company's sports network, is set to release its full-featured streaming service in the coming weeks. 

Advanced Micro Devices Inc. dropped 5.6% to $165.18 after the advanced chipmaker reported a weaker-than-expected profit of 48 cents on revenue of $7.69 billion. 

McDonald's Corp. jumped 3.8% to $310.10, and the fast food restaurant chain's quarterly results surpassed market expectations. 

The global chain reported adjusted earnings per share of $3.19 on revenue of $6.84 billion.