Market Overview - US stock index futures are collectively down, with Dow Jones futures down 0.34%, S&P 500 futures down 0.33%, and Nasdaq 100 futures down 0.43% [1][2] - Last week, following Fed Chair Powell's speech at the Jackson Hole conference, the three major indices collectively rose, with the Dow Jones Industrial Average reaching a historical high [3] Company Performance - Microsoft and Tesla stocks fell approximately 0.5%, while popular Chinese stocks like Alibaba rose over 3% and NIO increased nearly 6% [2] - Pinduoduo reported Q2 adjusted net profit of 32.71 billion yuan, exceeding market expectations, with revenue of 103.98 billion yuan, a 7% increase year-over-year [7] Economic Indicators - The market currently anticipates an 83.3% probability of a 25 basis point rate cut in September, with potential cuts totaling between 50 to 75 basis points within the year [4] - The upcoming release of the July Personal Consumption Expenditures (PCE) price index is being closely monitored as it is a key inflation indicator for the Fed [5] Strategic Moves - Strategy purchased 3,081 bitcoins for $356.9 million, averaging $115,829 per bitcoin, bringing its total holdings to 632,457 bitcoins [6] - BeiGene announced a royalty purchase agreement with Royalty Pharma, agreeing to pay $885 million for rights to a monoclonal antibody's royalties outside of China [8] Technology Developments - Elon Musk announced the open-sourcing of Grok-2 and plans to open-source Grok-3 within approximately six months, highlighting competition from Chinese companies in the AI sector [9]
微软、特斯拉跌约0.5%，热门中概股多数走高，阿里巴巴涨超3%，蔚来涨近6%