第一财经·2025-08-30 00:36Core Viewpoint - The article discusses the recent downturn in the U.S. stock market, particularly focusing on technology stocks and their performance amid inflation concerns and economic data releases [3][6]. Market Overview - On Friday, U.S. stocks fell across the board, with notable declines in tech stocks such as Dell and Nvidia, as the market digested the latest inflation data [3]. - The Dow Jones Industrial Average decreased by 0.20% to 45,544.88 points, the Nasdaq Composite fell by 1.15% to 21,455.55 points, and the S&P 500 dropped by 0.64% to 6,460.26 points [3]. - Major tech stocks showed weak performance, with Nvidia down 3.3%, Apple down 0.2%, Microsoft down 0.6%, Amazon down 1.1%, and Tesla down 3.5%. In contrast, Google saw a slight increase of 0.6% [3]. Economic Data - The Personal Consumption Expenditures (PCE) price index, a key inflation indicator for the Federal Reserve, rose by 2.6% year-on-year in July, with the core PCE increasing to 2.9% [6]. - The Michigan Consumer Sentiment Index for August was revised down to 58.2 from an initial 58.6, indicating a decline in consumer confidence [6]. - One-year inflation expectations rose to 4.8%, and five-year expectations increased to 3.5%, both higher than July's figures [6]. Sector Performance - The Philadelphia Semiconductor Index experienced a significant drop of 3.2%, marking its largest decline since April [7]. - Nvidia's stock fell 3.3% after its latest earnings report failed to meet high investor expectations, although spending related to AI infrastructure remains strong [7]. - Dell's stock plummeted nearly 9% after the company forecasted lower-than-expected profits for the upcoming quarter [8]. - Caterpillar, a major player in the construction machinery sector, saw its shares decline by 3.6% due to predictions of increased tariff-related expenses by 2025 [9]. Commodity Market - International oil prices weakened, with WTI crude oil near-month contracts falling by 0.91% to $64.01 per barrel, and Brent crude down by 0.73% to $68.12 per barrel [9]. - Gold prices rose due to increased risk aversion, with COMEX gold futures for November delivery up by 1.17% to $3,512.40 per ounce [10].