Zheng Quan Shi Bao·2025-07-30 15:01Group 1: Economic Data and Market Impact - Global markets are entering a critical "72 hours" with a series of important economic data, tech giant earnings, and key trade policy events that may significantly influence capital market trends [1] - The U.S. will release a series of crucial economic data starting July 30, which will serve as an important basis for assessing the health of the U.S. economy [4] - The U.S. second quarter GDP annualized initial value increased by 3%, exceeding the expected 2.4%, with a total annualized GDP value of $23,685.3 billion [6] Group 2: Tech Giants Earnings - Major tech companies including Microsoft, Meta, Apple, and Amazon, with a combined market capitalization exceeding $11 trillion, will report earnings on July 30 and 31, which will be critical for the continuation of the stock market's upward trend [8] - Tech giants have contributed nearly half of the S&P 500 index's gains this year, with high expectations for their performance to maintain this momentum [9] - Analysts expect capital expenditures for Microsoft, Alphabet, Amazon, and Meta to reach $317 billion in the current fiscal year, projected to rise to $350 billion by 2026 [9]