Zhi Tong Cai Jing·2025-08-01 14:24Group 1 - The core point of the article highlights a significant decline in major U.S. stock indices, particularly the Nasdaq, which fell by 2.5% amid disappointing employment data and renewed inflation concerns [1] - Major tech stocks experienced substantial losses, with Amazon down over 6%, Nvidia down over 3%, and Tesla, Meta, Google, and Apple all declining by more than 2% [1] - The U.S. Labor Department reported that non-farm payrolls increased by only 73,000 in July, falling short of the expected 110,000, with prior months' figures revised down by nearly 260,000, marking the worst performance since the COVID-19 pandemic [1] Group 2 - Historically, August has been a challenging month for the U.S. stock market, particularly for growth stocks, with the Nasdaq Composite Index showing an average monthly gain of only 0.3% since 1971, making it the second worst month of the year [1] - The market sentiment is further weakened by the fading hopes for a Federal Reserve rate cut in September, alongside rising inflation concerns [1]