2 1 Shi Ji Jing Ji Bao Dao·2025-07-21 01:55Market Performance - The three major US stock indices showed mixed results last week, with the Dow Jones Industrial Average down 0.07% at 44,342.19 points, the Nasdaq Composite up 1.51% at 20,895.66 points, and the S&P 500 up 0.59% at 6,296.79 points [1] - The S&P 500 index reached a new high, driven by strong performance in technology and growth sectors, with Nvidia seeing a weekly increase of 4.54% [1] Earnings Reports - As of now, 12% of S&P 500 companies have reported earnings, with 83% exceeding market expectations. Over one-fifth of S&P 500 companies are set to report earnings in the coming week, including Coca-Cola, General Motors, and IBM [5] - Alphabet's revenue is expected to grow by 10.7% year-over-year, with investors keenly observing its AI investments and their impact on its cloud business [6] Economic Indicators - The US economy remains resilient, with better-than-expected non-farm payroll data for June and moderate inflation indicated by CPI and PPI data, providing the Federal Reserve with policy space [1] - The "Big and Beautiful" legislation, which includes tax incentives, is expected to boost corporate earnings [2] Market Sentiment - Short-term market sentiment is optimistic due to the easing of US-China trade tensions and the continuation of corporate tax cuts [2] - There is a growing expectation of interest rate cuts by the Federal Reserve, which could support the market in the near term [3][4]