Group 1 - The S&P 500 index initially rose by approximately 0.7% [1] - The technology sector increased by 1.2%, while the financial sector rose by 0.9% and the telecommunications sector gained 0.5% [1] - The Nasdaq 100 index initially increased by 0.9% [1] Group 2 - Datadog's stock surged by 15.1%, while Kaltura and Synopsys saw increases of 5.1% and 4.9% respectively [1]

Group 1 - The Nasdaq 100 index increased by 1% [1] - Datadog's stock rose by 13.8% as the company will be included in the S&P 500 index [1] - Cadence Design Systems (CDNS) shares increased by 5% [1] Group 2 - Synopsys shares rose by 4.3% [1] - Intel's stock increased by 2.2% [1] - Nvidia's stock showed a modest increase of 1.4% [1]

Market Performance - The Nasdaq Composite Index opened on July 3 with an increase of 124.18 points, representing a rise of 0.61%, closing at 20517.31 points [1] - The S&P 500 Index opened on July 3 with an increase of 23.56 points, representing a rise of 0.38%, closing at 6250.98 points [1] - The Dow Jones Industrial Average opened on July 3 with an increase of 91.70 points, representing a rise of 0.21%, closing at 44576.12 points [1]

Core Viewpoint - Despite a strong rebound in the U.S. stock market following a 25% decline earlier this year, short positions in the S&P 500 and Nasdaq 100 indices continue to rise, indicating that investors may be employing a contrarian strategy to hedge risks or express doubts about the sustainability of the recovery [1] Group 1: Short Position Trends - According to S3 Partners, the short position in the S&P 500 has increased from 5.4% at the beginning of the year to 5.8% [1] - The short position in the Nasdaq 100 has expanded from less than 5.2% to approximately 6.1% [1] Group 2: Market Performance Comparison - The S&P 500 index has seen a year-to-date increase of only 6%, which is significantly lower than the average gains of 15%-20% in major global markets [1] - S3 Partners highlights that only a few major global indices have underperformed the S&P 500, contributing to its lagging growth compared to the global average [1]

根据美国自动数据处理公司（ADP）2日盘前发布的就业报告显示，2025年6月美国私人部门就业人数首 次出现下降，减少了33,000人，远低于预期的增加10万人。这一数据表明美国劳动力市场可能正在放 缓，引发市场关注，并可能影响美联储的货币政策决议。 CFRA Research的首席投资策略师萨姆·斯托瓦尔表示，如果6月份官方就业数据也未能如预期增长，美 联储可能会考虑在7月会议上进一步降息。此外，股市在报告发布后出现压力，投资者情绪更显谨慎。 受市场对美国就业市场恶化担忧和美国宣布与越南达成贸易协议影响，纽约股市三大股指2日低开，早 盘震荡，随后走势出现分化，收盘时纽约股市三大股指涨跌互现。 截至当天收盘，道琼斯工业平均指数比前一交易日下跌10.52点，收于44484.42点，跌幅为0.02%；标准 普尔500种股票指数上涨29.41点，收于6227.42点，涨幅为0.47%；纳斯达克综合指数上涨190.24点，收 于20393.13点，涨幅为0.94%。 板块方面，标普500指数十一大板块七涨四跌。能源板块和材料板块分别以1.70%和1.33%涨幅领涨，医 疗板块和公用事业板块分别以0.97%和0.87%跌 ...

标普500指数涨超0.3%，报6219.17点，时隔一个交易日再创盘中历史新高。此前，美国与越南达成贸易 协议。 ...

纳斯达克综合指数7月2日（周三）开盘下跌13.43点，跌幅0.07%，报20189.46点； 标普500指数7月2日（周三）开盘下跌6.50点，跌幅0.10%，报6191.51点； 道琼斯指数7月2日（周三）开盘下跌88.33点，跌幅0.20%，报44406.61点。 ...

Core Points - The S&P 500 index opened lower by 4.13 points, a decline of 0.07%, settling at 6193.88 points [1] - The Dow Jones Industrial Average opened down by 39.28 points, a decrease of 0.09%, at 44455.66 points [1] - The Nasdaq Composite index opened lower by 18.51 points, a drop of 0.09%, reaching 20184.37 points [1]

Group 1 - Goldman Sachs raises its forecast for the Federal Reserve's interest rate cuts to three times this year, with expected cuts in September, October, and December, and anticipates two additional cuts of 25 basis points in 2026, lowering the terminal rate forecast to 3%-3.25% from 3.5%-3.75% [1][2] - The next rate cut is now expected in September, earlier than previously anticipated in December, due to evidence suggesting that the impact of tariffs on monthly inflation is less significant than expected [1] - The labor market appears healthy, but job searching has become more challenging, with short-term downward risks to employment numbers due to seasonal factors and changes in immigration policy [1] Group 2 - The S&P 500 is entering its historically strongest month, with an average return of 1.67% in July since 1928 [5] Group 3 - China's Caixin Manufacturing PMI rose significantly to 50.4 in June from 48.3 in May, exceeding market expectations, with notable increases in output and new orders indices [7] - The new export orders index improved from 46.2 in May to 49.4 in June, although external demand remains weak, leading to a slight growth in new orders [7] - The difference between the Caixin PMI and the National Bureau of Statistics (NBS) PMI, which remains below 50, may be attributed to the different coverage of industries, with Caixin focusing more on export-oriented sectors [7]

道琼斯指数7月1日（周二）收盘上涨400.17点，涨幅0.91%，报44494.94点； 标普500指数7月1日（周二）收盘下跌6.94点，跌幅0.11%，报6198.01点； 纳斯达克综合指数7月1日（周二）收盘下跌166.84点，跌幅0.82%，报20202.89点。 ...