Market Overview - On August 12, US stock indices closed higher, with all three major indices rising over 1%, and both the S&P 500 and Nasdaq reaching all-time highs [1][8] - The Dow Jones increased by 483.52 points (1.10%) to 44,458.61, the Nasdaq rose by 296.50 points (1.39%) to 21,681.90, and the S&P 500 gained 72.37 points (1.13%) to 6,445.76 [8] Economic Indicators - The US Consumer Price Index (CPI) for July rose by 0.2% month-over-month and 2.7% year-over-year, which was below expectations [2][3] - Core CPI, excluding food and energy, increased by 0.3% month-over-month and 3.1% year-over-year [3] - Housing costs were the main driver of the CPI increase, rising by 0.2%, while food prices remained stable and energy prices fell by 1.1% [3] Employment Data - The average weekly earnings in July increased by 1.4% year-over-year and 0.4% month-over-month, with the average hourly earnings rising by 1.2% year-over-year and 0.1% month-over-month [3] - The actual average weekly earnings reached $388.01, an increase of $5.51 compared to the same period last year [3] Federal Reserve Expectations - According to CME's FedWatch, there is a 93.4% probability that the Federal Reserve will cut rates by 25 basis points in September, with a 59.9% chance of a cumulative 50 basis points cut [4] - US Treasury Secretary Scott Basset suggested that the Fed might have considered a 50 basis points cut if they had access to "real" employment data earlier [3] Corporate Performance - Major tech stocks saw significant gains, with ON Semiconductor rising over 6% and Intel increasing over 5% [8] - Meta Platforms' market capitalization approached $2 trillion as its stock rose over 3%, while Nvidia and Tesla also saw slight increases [8] - Tesla's stock rose by 0.53%, amid CEO Elon Musk's threats of legal action against Apple regarding App Store practices [8] Electric Vehicle Market - July saw a surge in electric vehicle sales, driven by Tesla's price cuts, with expectations for strong demand in the third quarter as federal tax credits are set to expire [9] - The Nasdaq China Golden Dragon Index rose by 1.49%, with notable gains in Tencent Music (up nearly 12%) and other Chinese tech stocks [9]
特朗普:立即降息!标普、纳指,历史新高!
Sou Hu Cai Jing·2025-08-12 23:57