Zhong Guo Ji Jin Bao·2025-08-22 00:10Market Performance - The US stock market experienced a decline, with the S&P 500 index falling for the fifth consecutive trading day [1][2] - The Dow Jones Industrial Average closed down 0.34% at 44,785.5 points, while the S&P 500 dropped 0.4% to 6,370.17 points, and the Nasdaq fell 0.34% to 21,100.31 points [2] Economic Data - Initial jobless claims in the US rose to 235,000, the largest increase in nearly three months, exceeding expectations of 225,000 [4] - The Philadelphia Fed manufacturing index unexpectedly contracted to -0.3, significantly down from 15.9 the previous month and below the market expectation of 7.0 [4] - Continuing jobless claims reached 1.972 million, the highest since November 2021, surpassing the forecast of 1.96 million [4] Corporate Earnings - Walmart's stock fell 4.5% despite reporting a 4.8% year-over-year revenue increase to $177.4 billion, as its non-GAAP earnings per share of $0.68 missed market expectations due to increased insurance claims [4] Oil Market - International oil prices rose, with Brent crude increasing by $0.83 to $67.67 per barrel and WTI crude up $0.81 to $63.52 per barrel [8] - US crude oil inventories decreased by 6 million barrels to 420.7 million barrels, significantly more than the expected decrease of 1.8 million barrels [8] Chinese Stocks - Chinese stocks listed in the US saw a majority increase, with the Nasdaq Golden Dragon China Index rising by 1.35% [10] - Notable gainers included Xiaoying Technology, which surged over 16%, and XPeng Motors, which rose more than 11% [10] US-EU Trade Agreement - The US and EU have reached an agreement on a trade framework covering 19 areas, including agricultural products, automobiles, and semiconductors [11] - The EU will eliminate tariffs on all US industrial products and provide preferential market access for various US agricultural products [11][12] - The US will apply a maximum tariff rate of 15% on most EU goods, including automobiles and pharmaceuticals [13]