美7月PPI创三年最大涨幅，打击降息预期，美股涨跌互现

Market Overview - Major US stock indices showed mixed performance, with the S&P 500 slightly up by 0.03%, while the Dow Jones and Nasdaq remained nearly flat [1] - The S&P 500's current valuation is nearly 40% higher than the 20-year average based on forward P/E ratios, influenced by higher-than-expected inflation data [1] Inflation Data - The Producer Price Index (PPI) for July increased by 0.9% month-over-month, marking the largest single-month rise in three years, significantly above the market expectation of 0.2% [1] - Year-over-year, the PPI rose by 3.3%, exceeding the anticipated 2.5% [1] - Core PPI, excluding food and energy, also rose by 0.9% month-over-month and 3.7% year-over-year, indicating rising costs in both services and goods [1] Employment Data - Initial jobless claims decreased by 3,000 to 224,000, aligning with expectations, while continuing claims fell to 1.95 million, suggesting a resilient job market despite signs of cooling [2] Individual Stocks - Intel's stock surged by 7.4% following reports of potential government investment discussions [2] - Amazon and Netflix both rose over 2%, while Microsoft, Nvidia, Alphabet, and Meta saw slight increases [2] - Tesla's stock fell over 1%, and Apple experienced a minor decline [2] - Cisco Systems dropped by 1.6% as its earnings guidance met expectations but failed to boost investor confidence [2] Other Companies - Deere & Co. shares fell by 6.8% due to a decline in quarterly profits and a lowered full-year guidance [3] - Tapestry, the parent company of Coach, plummeted by 15.7% as its full-year earnings forecast fell short of expectations, with both companies warning about the impact of US tariffs on their businesses [3] Commodity Market - International oil prices rose, with WTI crude oil futures up by 2.09% to $63.96 per barrel, and Brent crude oil futures increasing by 1.84% to $66.84 per barrel [3] - COMEX gold futures fell by 0.74% to $3,383.20 per ounce [3]