Sou Hu Cai Jing·2025-08-05 01:47Market Overview - On August 4, US and European stock markets collectively rose, with the Dow Jones and S&P 500 both increasing by over 1%, and the Nasdaq 100 rising by 1.87% [1] - On August 5, the Nasdaq 100 ETF (159660) opened with a gap up, rising by 1.56%, attracting over 160 million yuan in two consecutive days [1][3] Performance of Major Tech Stocks - Major tech stocks within the Nasdaq 100 ETF saw significant gains, with Nvidia, Facebook, Google, and Broadcom all rising over 3%, while Microsoft and Tesla increased over 2% [3][4] - The top ten components of the Nasdaq 100 ETF include Nvidia (3.62% increase), Microsoft (2.20% increase), and Apple (0.48% increase), with Nvidia holding a weight of 9.99% in the index [4] Economic Indicators and Market Sentiment - The market's optimistic sentiment is largely driven by rising expectations for a Federal Reserve interest rate cut, despite recent economic data indicating a slowdown in manufacturing and the job market [4][5] - The US added 73,000 non-farm jobs in July, significantly below the expected 104,000, with the unemployment rate rising to 4.248%, the highest since November 2021 [5][6] Federal Reserve's Interest Rate Outlook - The probability of a Federal Reserve rate cut in September has surged to nearly 90% following the employment data release, although inflation remains a concern [7][8] - The upcoming employment report and inflation data will be critical in determining the Fed's decision on whether to adopt a cautious approach or implement a more aggressive rate cut [8] Long-term Market Outlook - The long-term outlook for the US stock market remains positive, driven by earnings growth and macroeconomic stability, with a recommendation for investors to buy on dips [8][9] - The Nasdaq 100 ETF is expected to benefit from the strong performance of tech giants and their anticipated capital expenditures, with a management fee of 0.5% per year, which is lower than the market average [9][10]