Nvidia(US:NVDA) Sou Hu Cai Jing·2025-07-04 00:49Market Overview - The US stock market experienced a collective rise on July 3, with the S&P 500 index up by 0.83%, the Nasdaq up by 1.02%, and the Dow Jones up by 0.77%, reaching historical closing highs for both the S&P 500 and Nasdaq [1][3] - For the week, the S&P 500 index increased by 1.7%, the Nasdaq by 1.6%, and the Dow by 2.3% [1] Employment Data - The US Labor Department reported an increase of 147,000 non-farm jobs in June, surpassing the expected 110,000, with the unemployment rate dropping to 4.1% [3] - Average hourly earnings rose by 0.2% month-over-month and 3.7% year-over-year, indicating reduced inflationary pressures [3] - Government employment saw a significant increase of 73,000 jobs, primarily in state and local sectors, particularly in education [3] - The initial jobless claims decreased by 4,000 to 233,000, marking a six-week low, which was below economists' expectations of 240,000 [4] Federal Reserve Outlook - Following the employment data release, the probability of a rate cut by the Federal Reserve in July dropped from 23.8% to 4.7%, with expectations shifting towards a potential rate cut in September instead [5] Technology Sector Performance - Major tech stocks saw gains, with Nvidia rising by 1.33% to reach a historical high, and its market capitalization briefly exceeding $3.9 trillion [7][8] - OpenAI's decision to continue using Nvidia GPUs and AMD AI accelerators for model training and inference supports Nvidia's market position [8] Chinese Stocks - Chinese stocks showed mixed performance, with the Nasdaq Golden Dragon China Index up by 0.4% [9] - Brain Rejuvenation Technology surged nearly 122%, with intraday gains exceeding 170%, marking a year-to-date increase of nearly 18,000% [9][10]