02:02 PM EDT, 08/06/2025 (MT Newswires) -- US benchmark equity indexes were higher intraday as Wall Street parsed the latest batch of earnings.

The Nasdaq Composite was up 1% at 21,127.2 after midday Wednesday, while the S&P 500 rose 0.7% to 6,340.8. The Dow Jones Industrial Average advanced 0.2% to 44,209.5. Among sectors, consumer discretionary paced the gainers, while health care saw the biggest drop.

In company news, Apple ( AAPL ) was the top performer on the Dow and among the best on the S&P 500 and the Nasdaq, up 5.9%. The iPhone maker will announce a new $100 billion investment commitment in the US later Wednesday, CNBC reported, citing a White House official.

With the new pledge, the technology giant's total investment in the US would amount to $600 billion over the next four years, according to the report.

Arista Networks ( ANET ) shares were up nearly 18%, the top gainer on the S&P 500. The company late Tuesday issued an upbeat third-quarter revenue outlook following higher-than-projected second-quarter results.

Super Micro Computer ( SMCI ) shares sank 21% intraday Wednesday, the steepest decline on the S&P 500. The artificial intelligence server maker late Tuesday reported fiscal fourth-quarter results that missed the Street's views.

Snap (SNAP) shares slumped 18% intraday Wednesday. The social media company late Tuesday logged a second-quarter loss that unexpectedly widened amid higher operating expenses, while issues tied to a planned update to its advertising platform weighed on overall revenue growth.

Applovin ( APP ) , DoorDash ( DASH ) , McKesson (MCK) and Airbnb ( ABNB ) are scheduled to report after the closing bell Wednesday.

US Treasury yields were higher intraday, with the 10-year rate increasing 4.9 basis points to 4.24% and the two-year rate adding one basis point to 3.72%.

US President Donald Trump has signed an executive order imposing an additional 25% tariff on imports from India in response to the Asian country's continued purchasing of sanctioned Russian oil, the White House said Wednesday.

In response, India said that the decision by the US to double the tariffs on Indian imports to 50% was "unfair, unjustified, and unreasonable," news outlets reported.

On Tuesday, Trump told CNBC in an interview that he will announce new tariffs on semiconductors and chips as soon as next week. Trump also said his administration was getting "very close to a deal" with China.

West Texas Intermediate crude oil was little changed at $65.16 a barrel intraday Wednesday.

Gold was down 0.1% at $3,433 per troy ounce, while silver rose 0.2% to $37.89 per ounce.