Stock Market Today With IBD Nasdaq Fades After Strong Start: Lam Research, Applovin, FIX In Focus
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Aug 7, 2025 The Nasdaq shows mixed signals, managing to close positively after an initial dip. Key stocks in the semiconductor sector are analyzed, revealing trends impacted by political events. AppLovin shines with a 12% stock surge following impressive earnings, boasting a 153% increase in profits. Comfort Systems also sees dynamic trading post-earnings, emphasizing its HVAC services for data centers. The anticipation builds around upcoming earnings from companies like DraftKings and Pinterest, alongside thrilling market insights!
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Nasdaq Uptrend Holds Strong
- Despite the Nasdaq fading after a strong start, it closed in the green, showing buying strength late in the day.
- The uptrend remains intact even with some downside reversals at resistance levels near highs.
Key Nasdaq Support Levels
- The Nasdaq is facing resistance around the 21,400 level but is holding above its 21-day moving average.
- The recent uptrend recovery from the break below the 21-day line shows resilience in the market.
Semiconductor Sector Faces Political Pressure
- Semiconductor sector ETF SMH outperformed, rising 1.6%, despite Intel's stock falling due to political concerns.
- President Trump threatened tariffs on chip imports and called for Intel CEO's firing over China ties.