Di Yi Cai Jing·2025-08-16 00:16Market Overview - The University of Michigan's preliminary consumer confidence index fell from 61.7 in July to 58.6 in August, with one-year inflation expectations rising from 4.5% to 4.9% and five-year expectations increasing from 3.4% to 3.9% [2] - U.S. retail sales grew by 0.5% in July, following a revised growth of 0.9% in June, with a year-on-year increase of 3.9%, down from 4.4% in June [2] - The labor market's weakness and tariffs-induced inflation have not yet reflected in overall consumer prices, leading investors to expect an 85% probability of a 25 basis point rate cut by the Federal Reserve next month [2] Company Performance - Application Materials saw a significant drop of 14% after providing a fourth-quarter guidance that fell below market expectations, leading Bank of America to downgrade its rating from buy to neutral [3] - UnitedHealth surged by 12% following a regulatory filing that revealed Berkshire Hathaway purchased over 5 million shares of the company in the second quarter [3] - Intel's stock rose by 2.9% amid reports that the Trump administration may take a stake in the chip manufacturer [4] Sector Movements - The Nasdaq China Golden Dragon Index increased by 0.7%, with Pinduoduo rising by 3.7%, Baidu by 1.2%, and JD.com by 0.4%, while NetEase and Alibaba fell by 0.4% and 0.8%, respectively [4] - International oil prices declined, with WTI crude oil near-month contract falling by 1.81% to $62.80 per barrel and Brent crude down by 1.48% to $65.85 per barrel [4] - Gold prices showed slight fluctuations, with COMEX gold futures for August delivery rising by 0.02% to $3336.00 per ounce [5]