03:48 PM EDT, 08/07/2025 (MT Newswires) -- US benchmark equity indexes are on track to close mixed on Thursday as investors parsed President Donald Trump's comments on semiconductors tariffs.

The Dow Jones Industrial Average fell 0.7% to 43,895.55, the S&P 500 dropped 0.4% to 6,322.41, and the Nasdaq Composite rose 0.1% to 21,181.52. Among sectors, health care paced decliners, and utilities led the gainers.

Trump suggested a potential carveout from looming semiconductor tariffs, saying companies could avoid the proposed 100% punitive import levy by committing to build manufacturing facilities in the US.

Becton, Dickinson ( BDX ) shares rose 9%, the biggest gain on the S&P The company posted higher fiscal Q3 results and raised full-year adjusted earnings guidance.

Zimmer Biomet Holdings ( ZBH ) shares rose 8.4%, the second-largest increase on the S&P. The company posted Q2 results that topped Wall Street estimates and boosted 2025 earnings guidance. Evercore ISI and BTIG raised their price targets on the stock.

Fortinet ( FTNT ) shares slumped 24%, the biggest drop on the S&P. Rosenblatt and Morgan Stanley downgraded the stock.

The 10-year US Treasury yield was up 2.2 basis points to 4.25%, while the two-year rate increased 2.4 basis points to 3.74%.

September West Texas Intermediate crude oil fell 0.9% to $63.80 a barrel.