Sou Hu Cai Jing·2025-08-02 00:57Group 1: Market Performance - On August 1, U.S. stock markets experienced significant declines, with the Dow Jones Industrial Average falling by 1.23%, the S&P 500 down by 1.60%, and the Nasdaq dropping by 2.24%, marking the largest decline since April [1] - The total market capitalization of U.S. stocks decreased by over $1 trillion [1] - Major technology stocks also saw substantial losses, with Amazon dropping over 8% and Meta down over 3% [2] Group 2: Economic Data - The U.S. Labor Department reported that non-farm payrolls increased by only 73,000 in July, falling short of expectations, while the unemployment rate rose slightly to 4.2% [3] - Previous months' employment data were significantly revised downward, with May's figures adjusted from 144,000 to just 19,000 and June's from 147,000 to 14,000 [3] Group 3: Federal Reserve and Monetary Policy - President Trump called for Federal Reserve Chairman Jerome Powell to resign, citing dissatisfaction with interest rate policies [1] - The probability of a 25 basis point rate cut at the September Federal Reserve meeting surged from 37.7% to 75.5% following the release of economic data [1] Group 4: Commodity Market Reactions - Following the economic data release, the U.S. dollar index dropped sharply from 100.23 to 98.66, reflecting a decline of 1.38% [6] - International oil prices fell significantly, with West Texas Intermediate crude down 2.89% to $67.26 per barrel and Brent crude down 3% to $69.55 per barrel [6] - In contrast, gold prices surged, with COMEX gold futures rising by 2.01% to $3,416.00 per ounce [6]