Zheng Quan Shi Bao·2025-08-06 02:20Group 1: Earnings Reports Impact - Several technology stocks experienced significant declines in after-hours trading, with Supermicro falling over 16%, Snap dropping over 14%, and AMD decreasing over 6% due to disappointing earnings reports [1][2] - Supermicro's Q4 FY2025 net sales were $5.76 billion, below analyst expectations of $6.01 billion, with a gross margin of 9.6%, lower than the anticipated 10% [2] - Snap reported Q2 sales of $1.345 billion, slightly below the expected $1.35 billion, and a net loss of $262.6 million, compared to a loss of $248.6 million in the same period last year [3] - AMD's Q2 revenue grew 32% year-over-year to $7.7 billion, exceeding expectations, but adjusted EPS was $0.48, below the forecast of $0.49 [3][4] Group 2: Market Reactions and Economic Indicators - The overall U.S. stock market saw a decline, with the Dow Jones down 0.14%, S&P 500 down 0.49%, and Nasdaq down 0.65%, with over 4,700 stocks falling [5] - The ISM services PMI for July was reported at 50.1, below the expected 51.5, indicating near stagnation in service sector growth [7] - The employment sub-index fell to 46.4, the lowest since the pandemic, indicating increased layoff pressures, while the prices index rose to 69.9, suggesting rising inflationary pressures [8] - Recent tariff announcements by President Trump, including a potential 250% tariff on imported drugs and upcoming tariffs on semiconductors, have negatively impacted market sentiment [8]