02:14 PM EDT, 08/07/2025 (MT Newswires) -- US benchmark equity indexes were lower intraday as traders assessed the latest corporate earnings.

The Dow Jones Industrial Average was down 0.8% at 43,828.1 after midday Thursday, while the S&P 500 fell 0.4% to 6,321.9. The Nasdaq Composite lost 0.1% to 21,157.2. Among sectors, health care saw the biggest drop, while utilities paced the gainers.

In company news, Eli Lilly ( LLY ) raised its full-year outlook and reported stronger-than-expected second-quarter results, but the company's stock was down 14% as data on its investigational weight-loss pill seemed to disappoint investors. Lilly was the second-worst performer on the S&P 500.

Crocs ( CROX ) shares plunged 27% after the shoemaker said it expects third-quarter revenue to fall year over year. The company opted against reinstating its full-year outlook amid cautious consumer spending behavior.

DoorDash ( DASH ) shares were up 4.1%. The food delivery company late Wednesday swung to higher-than-expected earnings in the second quarter as it beat Wall Street's expectations for revenue.

President Donald Trump's sweeping new tariffs on imports from several trading partners went into effect Thursday as the US leader's deadline for countries to strike deals expired.

On Wednesday, Trump reportedly said he will implement 100% tariffs on semiconductors manufactured outside the US, unless companies commit to building chips in the country.

Apple ( AAPL ) late Wednesday announced plans to invest an additional $100 billion in the US and bring more of its supply chain and advanced manufacturing to the country. The iPhone maker's shares were up 2.9% intraday Thursday, the top gainer on the Dow.

Gilead Sciences ( GILD ) , Monster Beverage ( MNST ) , Take-Two Interactive Software ( TTWO ) and Pinterest ( PINS ) are scheduled to report results after the closing bell Thursday, along with others.

US Treasury yields were higher intraday, with the two-year rate increasing 2.9 basis points to 3.73% and the 10-year rate adding 1.2 basis points to 4.24%.

Atlanta Fed President Raphael Bostic said there's still a possibility that policymakers will reduce their benchmark lending rate once this year, Bloomberg News reported.

West Texas Intermediate crude oil was down 0.5% at $64.06 a barrel intraday.

Gold was up 0.6% at $3,452.2 per troy ounce, while silver rose 0.9% to $38.24 per ounce.