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U.S. Market Close | Trump threatens to declare the Strait of Hormuz as U.S. territory; three major indices close slightly lower. Optical communication stocks strengthen: AAOI surges 15%, Lumentum rises over 5%; drone stock UMAC jumps 25%.
The Dow Jones Industrial Average fell 0.2%, the S&P 500 Index declined 0.17%, and the Nasdaq Composite dropped 0.28%. Most large-cap technology stocks retreated, with the Mag 7 Index down 0.17% and Amazon falling nearly 1%. SpaceX shares also dipped by close to 1%. In contrast, memory chip stocks broadly rose against the trend: SanDisk surged 7.39%, bringing its weekly gain to 35.38%; AMD advanced 6.50%; and NEBIUS climbed 8.88%. Meanwhile, Applied Materials and Broadcom each fell more than 5%.
U.S. drone-related stocks rise collectively as Trump wields tariff threats again
① Following Trump's announcement of additional tariffs on foreign drones and components, U.S. drone-related stocks rose collectively: Unusual Machines surged over 16%, and Red Cat Holdings gained 8%; ② The White House stated that the tariff increases will create more jobs while safeguarding U.S. national security and the defense industrial base.
U.S. Stock Market Update | U.S. imposes tariffs of up to 100% on imported drones and components; drone-related stocks rise in pre-market trading, with Unusual Machines surging over 11%
Gelonghui, August 14 | U.S. drone-related stocks rose collectively in pre-market trading. Among them, Unusual Machines surged more than 11%, while Red Cat Holdings and ParaZero Technologies gained over 4%. Vertical Aerospace, Palladyne AI, and Ondas Holdings each rose more than 3%, and AgEagle Aerial Systems advanced nearly 3%. On the news front, the White House issued a statement announcing that U.S. President Trump had signed a proclamation imposing restrictions on imported drones and components, citing national security threats.
Express News | Up to 100%! US to impose tariffs on imported drones and components
ParaZero Technologies Shares Are Trading Higher After the Company Announced an Initial Order for Its DefendAir Net Pods From a European Defense Manufacturer.
ParaZero Receives Initial DefendAir Order From Tier-1 European Defense Manufacturer for Autonomous Counter-UAS Platform