国新证券每日晨报-20250704

Domestic Market Overview - The domestic market experienced a narrow fluctuation and a slight increase, with the Shanghai Composite Index closing at 3461.15 points, up 0.18%, and the Shenzhen Component Index closing at 10534.58 points, up 1.17% [1][8] - A total of 24 out of 30 sectors in the CITIC first-level industry rose, with electronics, communications, and pharmaceuticals leading the gains, while coal, comprehensive finance, and comprehensive sectors saw significant declines [1][8] - The total trading volume of the A-share market was 13,335 billion yuan, continuing to decline compared to the previous day [1][8] Overseas Market Overview - All three major U.S. stock indices closed higher, with the Dow Jones up 0.77%, the S&P 500 up 0.83%, and the Nasdaq up 1.02% [2] - The Wande American Technology Seven Giants Index rose by 1.03%, with Amazon, Microsoft, and Nvidia each increasing by over 1% [2] Key News Highlights - The State Council issued a notice to replicate and promote 77 pilot measures from the Shanghai Free Trade Zone, covering various aspects such as service trade, digital trade, and risk prevention [10][11] - The U.S. has lifted export restrictions on three major chip design software suppliers, allowing them to fully restore access to Chinese customers [12][13] - The U.S. House of Representatives passed the "Big and Beautiful" tax and spending bill, which has been controversial due to its implications for federal aid and long-term debt [20]