Market Overview - On August 5, US stock indices collectively declined, with the Dow Jones down 0.14% at 44,111.74 points, the S&P 500 down 0.49% at 6,299.19 points, and the Nasdaq down 0.65% at 20,916.55 points [5][4]. Economic Data Impact - High inflation and weak employment data have raised concerns about the US economic outlook. The ISM non-manufacturing index showed zero growth in the US services sector for July, with a PMI of 50.1, below market expectations of 51.5 and the previous month's 50.8. Employment indicators dropped from 47.2 to 46.4, indicating potential stagflation worries [9]. Corporate Earnings - TSMC reported second-quarter revenue of $7.69 billion, a 32% year-over-year increase, but net profit fell 31% to $781 million, leading to a stock price drop of over 2% [27][29]. - AMD's fourth-quarter net sales were $5.76 billion, below the expected $6.01 billion, resulting in a stock price decline of 1.67% [30][31]. Technology Sector Performance - Major tech stocks experienced declines, with Nvidia down 0.97%, Microsoft down 1.47%, and Meta down 1.67%. Amazon, however, saw a slight increase of 0.99% [11][13]. Cryptocurrency Market - Coinbase announced plans to issue $2 billion in convertible bonds to raise funds, which led to a stock price drop of over 6% [21][24]. The funds are intended for stock buybacks or debt repayment [23]. Commodity Prices - Oil prices continued to decline, dropping 1.69% on August 5, marking four consecutive days of decline [17]. - Gold prices increased by 0.25%, closing at approximately $3,535 per ounce [19].
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中国基金报·2025-08-06 00:11