Zheng Quan Shi Bao·2025-07-31 15:04Group 1: Market Reaction - The earnings reports from major tech companies have exceeded expectations, boosting investor confidence in the U.S. stock market [1][3] - As of July 31, the three major U.S. stock indices opened higher, with the Dow Jones up 0.2%, S&P 500 up 0.8%, and Nasdaq up 1.28% [1][2] Group 2: Company Performance - Microsoft reported Q4 earnings for fiscal year 2025, with revenue reaching $76.44 billion, an 18% year-over-year increase, marking the fastest growth in nearly three years [3][6] - Microsoft's net profit rose from $22.04 billion in the same quarter last year to $27.23 billion [6] - Meta Platforms reported Q2 revenue of $47.52 billion, a 22% year-over-year increase, and expects Q3 revenue to be between $47 billion and $50.5 billion, exceeding analyst expectations [6][5] Group 3: Future Outlook - Meta has raised its capital expenditure forecast for 2025, indicating continued investment in talent, infrastructure, and AI to remain competitive [6] - The strong earnings from major tech companies are helping to alleviate market concerns about potential economic slowdown due to tariff policies [6] Group 4: Economic Indicators - The core PCE price index, a key inflation measure favored by the Federal Reserve, rose 2.8% year-over-year, complicating the Fed's interest rate decisions [7] - The overall PCE index also exceeded market expectations, which may delay the Fed's path to interest rate cuts [7]