US stocks climbed on Wednesday as investors responded to strong corporate earnings and a major announcement from Apple. The S&P 500 rose 0.7%, the Dow added 82 points, and the Nasdaq gained 1.2%, driven by a 5% surge in Apple shares after the company announced a $100 billion boost to its US manufacturing investment. McDonald’s gained 3% after beating earnings estimates, while Arista Networks surged 17.4% on a strong revenue forecast. Despite positive earnings reports from names like Disney and Uber, some stocks - including AMD, Snap, and Super Micro Computer—fell sharply after disappointing results. Investor sentiment was further supported by rising expectations for a September Fed rate cut, with odds jumping to over 93% following soft labor data. However, trade tensions resurfaced after President Trump imposed an additional 25% tariff on Indian goods due to continued imports of Russian oil, adding a layer of uncertainty.