三大股指涨超3%，美6月非农报告将出炉

Market Performance - The US stock indices collectively rose over 3% last week, with the Dow Jones Industrial Average increasing by 3.82% to 43819.27 points, the Nasdaq Composite rising by 4.25% to 20273.46 points, and the S&P 500 gaining 3.44% to 6173.07 points [1] - The rise in the stock market is attributed to improved risk appetite following the Israel-Hamas ceasefire agreement and a decline in commodity prices, which stabilized US inflation expectations [1] Future Market Outlook - Despite the recent gains, the US stock market may face pressure due to policy uncertainties from the US government and concerns over stagflation in the US economy [2] - The S&P 500 index has seen a year-to-date increase of approximately 5% as of 2025, with July historically being a strong month for the stock market, averaging a 2.9% increase [1][2] Earnings Season - The upcoming earnings season is expected to reveal how tariffs may impact corporate profits and consumer spending, with S&P 500 companies projected to see a 5.9% year-over-year increase in earnings for Q2 [2] - Analysts suggest that the focus will shift back to fundamentals as the earnings season approaches [2] Employment Data - The US non-farm payroll report, set to be released soon, is anticipated to provide critical insights into the US economy, influencing investor sentiment regarding potential interest rate cuts by the Federal Reserve [3] - Recent unemployment claims data indicates a rise to the highest level in three and a half years, reflecting a potential softening in the labor market [3] Economic Indicators - A series of economic indicators are scheduled for release, including the Chicago PMI, Dallas Fed Business Activity Index, and various manufacturing PMIs from the US and China [4]