Amazon(US:AMZN) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-02 00:13Market Overview - On August 1, U.S. stock indices fell sharply, with the Dow Jones Industrial Average down 1.23%, the S&P 500 down 1.60%, and the Nasdaq down 2.24%, marking the largest decline since April. The total market capitalization of U.S. stocks evaporated by over $1 trillion [1] - Major technology stocks also experienced significant declines, with Amazon dropping over 8%. Despite reporting second-quarter revenue of $167.7 billion, exceeding market expectations, the company's third-quarter operating profit guidance fell short, raising concerns about its cloud business growth [3] Employment Data - The U.S. Labor Department reported that non-farm payrolls increased by only 73,000 in July, below expectations, with the unemployment rate slightly rising to 4.2%. Additionally, previous months' employment figures were significantly revised downward, with May's non-farm payrolls adjusted from 144,000 to just 19,000, and June's from 147,000 to 14,000 [3] Economic Indicators - The U.S. manufacturing PMI for July was reported at 48%, down from 49% in June, indicating a contraction in the manufacturing sector [4] - The uncertainty stemming from U.S. government tariff policies has led to increased caution among businesses, contributing to a deteriorating labor market [4] Federal Reserve Outlook - The probability of a 25 basis point rate cut by the Federal Reserve in September surged from 37.7% to 75.5% following the release of the latest economic data [2] Commodity Market Reaction - Following the economic data release, the U.S. dollar index dropped sharply from 100.23 to 98.66, a decline of 1.38% [5] - Oil prices also experienced a significant drop, while gold prices surged, breaking above $3,360 [6][7]