Market Overview - On August 7, US stock indices opened higher but the Dow Jones Industrial Average turned negative, down 44.17 points or 0.10% to 44148.95 [2][3] - The Nasdaq Composite rose by 173.95 points or 0.82% to 21343.37, while the S&P 500 increased by 19.19 points or 0.30% to 6364.25 [3] Semiconductor Sector - The semiconductor sector showed strength, with the Philadelphia Semiconductor Index rising over 2% at one point [5] - Notable performers included TSMC, which rose over 5%, AMD also up over 5%, and Micron Technology increasing by over 3% [5][6] - President Trump indicated new tariffs on semiconductors and chips may be announced soon, emphasizing the need for domestic manufacturing [6] Intel - Intel's stock fell over 3% following Trump's comments about the CEO's alleged conflicts of interest, calling for immediate resignation [7][8] Eli Lilly - Eli Lilly's stock dropped over 14%, marking its largest single-day decline since August 2000 [9] - The decline followed the release of disappointing phase three clinical trial data for an oral weight loss drug, which showed a 12.4% average weight loss after 72 weeks, lower than market expectations [11] Honda - Honda's stock fell over 2% after reporting a 50.2% year-on-year decline in net profit for the April to June period, attributed to US government tariff policies [12][14] - The company reported a net profit of 196.6 billion yen (approximately 96 million RMB) during this period [14]