昨夜，跌麻了！特朗普“怒了”：立即免职！

Core Viewpoint - The U.S. stock market experienced a significant decline, with all three major indices dropping and a total market value loss exceeding $1 trillion in a single day, driven by disappointing non-farm employment data and increased expectations for a Federal Reserve rate cut in September [3][5][12]. Market Performance - As of the market close, the Dow Jones Industrial Average fell by 1.23% to 43,588.58 points, the S&P 500 dropped by 1.6% to 6,238.01 points, and the Nasdaq Composite plummeted by 2.24% to 20,650.13 points. For the week, the Dow decreased by 2.92%, the S&P 500 by 2.36%, and the Nasdaq by 2.17% [5][11]. - Major technology stocks also saw significant declines, with Amazon dropping 8.27%, resulting in a market value loss of over $200 billion. Other notable declines included Facebook (over 3%), Apple and Nvidia (over 2%), and Tesla, Microsoft, and Google (over 1.5%) [7][8]. Employment Data and Federal Reserve Expectations - The U.S. non-farm employment report for July showed only 73,000 new jobs added, significantly below expectations, and previous months' data was revised down by a total of 258,000 jobs, marking the worst performance since the pandemic began [12][18]. - Following the employment report, the probability of a Federal Reserve rate cut in September surged to nearly 90%, with the likelihood of maintaining current rates dropping to 10.2% [15][21]. Commodity Market Reactions - Gold prices surged by 2.22% to $3,362.64 per ounce, while silver saw a slight increase of 0.84% to $37.017 per ounce, despite a weekly decline of 2.94%. In contrast, international oil prices fell, with Brent crude down 2.83% to $69.67 per barrel and WTI down 2.78% to $67.33 per barrel [12][14]. Political Developments - President Trump ordered the immediate dismissal of Labor Statistics Bureau Director Erika McEntarfer following the release of the disappointing employment data, claiming the data was manipulated for political purposes [18][21]. - Additionally, Federal Reserve Governor Christopher Waller announced his resignation, creating an opportunity for Trump to appoint a preferred candidate to the Federal Reserve Board [20][21].