Sou Hu Cai Jing·2025-08-08 01:37Market Overview - US stock indices showed mixed performance, with the Dow Jones down 0.51% at 43,968.64 points, S&P 500 down 0.08% at 6,340 points, and Nasdaq up 0.35% at 21,242.7 points [1] Federal Reserve and Economic Outlook - Trump nominated Stephen Milan to fill the vacant Federal Reserve Board position, with a term ending on January 31, 2026 [3] - The number of Americans filing for unemployment benefits has surged to the highest level since November 2021, indicating a weakening labor market [3] - Goldman Sachs reported a 30% chance of a US economic recession, although the global market remains vibrant and US stocks are near historical highs [3] Technology Sector Developments - OpenAI launched a more powerful GPT-5 model, enhancing its AI capabilities [4] - Major tech stocks mostly rose, with Apple up over 3%, Nvidia up 0.75%, and Tesla up 0.74% [5] Semiconductor Industry - Samsung Electronics announced plans to produce Apple's next-generation chips at its Austin, Texas facility, marking the introduction of innovative chip manufacturing technology in the US [7] Oil Market Dynamics - Crude oil prices hit their lowest closing level in over two months, with WTI crude futures closing below $64 per barrel, marking the longest consecutive decline since December 2023 [9] Pension Investment Changes - Trump signed an executive order allowing alternative assets like private equity, real estate, and cryptocurrencies to be included in 401(k) retirement savings plans, signaling a significant shift in US pension investment strategies [11]