Di Yi Cai Jing·2025-08-01 01:31Market Overview - US stock markets experienced a collective decline on July 31, with the Dow Jones falling by 330.30 points (0.74%) to close at 44,130.98 points, the S&P 500 down by 23.51 points (0.37%) to 6,339.39 points, and the Nasdaq decreasing by 7.23 points (0.03%) to 21,122.45 points [2] - In July, the S&P 500 rose by 2.17%, the Nasdaq increased by 3.70%, and the Dow Jones saw a slight increase of 0.08% [2] - The majority of the 11 sectors in the S&P 500 closed lower, with the healthcare sector leading the decline at 2.9% [2] Company Performance - Microsoft shares rose by 3.9% after reporting Q4 revenue of $76.44 billion, exceeding market expectations of $73.89 billion, with Azure business growth reaching 39% [3] - Meta's stock surged by 11.2% as the company projected Q3 revenue between $47.5 billion and $50.5 billion, significantly above analyst estimates [3] - Apple reported better-than-expected performance in its Q3 earnings, leading to a 3.2% increase in its stock price in after-hours trading [3] - Amazon's Q2 revenue was $167.7 billion, a 13% year-over-year increase, surpassing expectations of $162.09 billion, although its stock fell by approximately 6.8% in after-hours trading [3] Economic Indicators - The US core Personal Consumption Expenditures (PCE) price index rose by 2.8% year-over-year in June, above the expected 2.7%, while overall PCE increased to 2.6% for the second consecutive month [3] - The labor cost index increased by 0.9%, and the number of initial jobless claims was reported at 218,000, slightly below expectations [3] Trade and Tariffs - President Trump signed an executive order establishing "reciprocal tariffs" ranging from 10% to 41% on multiple countries, with a specific increase of tariffs on Canada from 25% to 35% effective August 1 [5] - The US has suspended the tax exemption policy for small packages, affecting many parcels from China [6] Industry Developments - The manufacturing PMI for July fell to 49.3, a decrease of 0.4 percentage points from the previous month, indicating a contraction in manufacturing activity [10] - The non-manufacturing business activity index also declined to 50.1, down 0.4 percentage points [10]