美股价格弱势未改，XBIT反复震荡市场寄望大而美方案落地

Group 1 - The U.S. and Japan have agreed to initiate a new round of trade agreement negotiations, which has led to a positive market reaction with major U.S. stock indices experiencing upward movement [1] - The S&P 500 has reached new historical highs, while the Dow Jones has shown slower growth, indicating a cautious market sentiment despite strong earnings from the technology sector [1][6] - The "Magnificent 7" tech stocks continue to lead the market, but the overall market remains sensitive to policy changes and earnings reports from these major companies [1][3] Group 2 - Tesla reported a 23% decline in net profit and a 12% drop in revenue for Q2, indicating potential pressure in upcoming quarters, which caused a significant drop in its stock price [3] - Alphabet's strong performance in AI and cloud computing has helped stabilize its position, resulting in a nearly 2% increase in its stock price post-earnings [3] - The XBIT decentralized exchange platform has launched new features, including cross-chain trading and AI-driven risk management, which may provide new opportunities for market participants [5][6] Group 3 - The market is currently experiencing structural differentiation and valuation risks, with analysts predicting a potential short-term correction of 7-15% due to high valuations [5] - The upcoming weeks are critical for assessing the institutional value of new trading mechanisms, particularly in relation to Federal Reserve interest rate decisions [8] - The success of the "Big and Beautiful" fiscal support plan will depend on the actual implementation of tax credits and infrastructure investments, which will influence mid-term macro trends [8]