Market Overview - On July 31, U.S. stock markets opened high but closed lower, with all three major indices declining despite strong earnings from Microsoft and Meta [2] - The Dow Jones Industrial Average fell by 330.30 points, a decrease of 0.74%, closing at 44,130.98 points; the S&P 500 dropped by 23.51 points, down 0.37%, at 6,339.39 points; and the Nasdaq Composite decreased by 7.23 points, down 0.03%, closing at 21,122.45 points [2] - In July, the S&P 500 rose by 2.17%, the Nasdaq increased by 3.70%, and the Dow saw a slight increase of 0.08% [2] Sector Performance - Most sectors in the S&P 500 closed lower, with the healthcare sector leading the decline at 2.9%; the real estate sector fell by 1.7%, and materials, financials, energy, consumer discretionary, and technology sectors all dropped over 1% [2] Company Earnings - Microsoft shares rose by 3.9%, with Q4 revenue reported at $76.44 billion, exceeding market expectations of $73.89 billion; Azure business revenue grew by 39%, and the company entered the "four trillion dollar club" [3] - Meta's stock surged by 11.2%, with Q3 revenue expected between $47.5 billion and $50.5 billion, significantly above analyst estimates of $46.2 billion, indicating a recovery in generative AI advertising [4] - Apple reported Q3 revenue of $94.04 billion, a 10% year-over-year increase, surpassing expectations of $89.53 billion; iPhone revenue was $44.58 billion, and Mac revenue was $8.05 billion, both exceeding forecasts [4] - Amazon's Q2 revenue reached $167.7 billion, a 13% year-over-year increase, significantly above the expected $162.09 billion; however, its stock fell approximately 6.8% in after-hours trading [4] Economic Indicators - The U.S. June core Personal Consumption Expenditures (PCE) price index rose by 2.8%, above the expected 2.7%; overall PCE increased to 2.6%, marking the second consecutive month of growth [5] - Labor cost index rose by 0.9%, and initial jobless claims were at 218,000, slightly below expectations [5] - Market attention is focused on the upcoming July non-farm payroll report and the deadline for tariff negotiations [5] Commodity Market - WTI September crude oil futures fell by $0.74, a decrease of approximately 1.06%, closing at $69.26 per barrel, ending a streak of increases [5] - Despite the drop, WTI saw a cumulative increase of over 8.47% in July, marking one of the strongest months of the year [5]

2025.08. 01 本文字数：1482，阅读时长大约2分钟 作者 | 第一财经 胡弋杰 盘后，苹果发布2025财年第三财季财报，整体表现优于市场预期。总营收为940.4亿美元，同比增 长10%，高于市场预期的895.3亿美元；iPhone营收为445.8亿美元，Mac营收80.5亿美元，均优 于预期；可穿戴设备与居家产品营收为74亿美元，略低于预期。上季度，大中华区营收为153.7亿 美元，高于预期的151.9亿美元。截至发稿前，苹果盘后股价上涨3.2%。 当地时间7月31日，美国股市高开低走，三大股指集体收跌。尽管微软与Meta财报亮眼提振个股表 现，但整体市场情绪受压。 截至收盘，道琼斯工业平均指数下跌330.30点，跌幅0.74%，报44130.98点；标普500指数下跌 23.51点，跌幅0.37%，报6339.39点，连续第三个交易日收低；纳斯达克综合指数小幅下挫7.23 点，跌幅0.03%，收于21122.45点。以科技股为主的纳斯达克100指数下跌127.29点，跌幅 0.55%，报23218.12点。 纵观7月，标普500指数上涨2.17%，纳指上涨3.70%，道指微涨0.08%。标普50 ...

Group 1: Market Overview - The U.S. stock market opened high but closed lower on July 31, with all three major indices declining. The Dow Jones Industrial Average fell by 330.30 points (0.74%) to 44,130.98, the S&P 500 dropped by 23.51 points (0.37%) to 6,339.39, and the Nasdaq Composite decreased by 7.23 points (0.03%) to 21,122.45 [1] - In July, the S&P 500 rose by 2.17%, the Nasdaq increased by 3.70%, and the Dow recorded a slight gain of 0.08%. The S&P 500 and Dow have seen three consecutive months of gains, while the Nasdaq has achieved four consecutive monthly increases [1] Group 2: Company Performance - Microsoft reported fourth-quarter revenue of $76.44 billion, exceeding market expectations of $73.89 billion, with cloud revenue reaching $29.88 billion, also above expectations. Azure's growth was 39% year-over-year, leading Microsoft to join the "four trillion dollar club" [2] - Meta's stock surged by 11.2% after the company projected third-quarter revenue between $47.5 billion and $50.5 billion, significantly higher than analyst estimates of $46.2 billion, indicating a recovery in generative AI advertising [2] - Apple reported third-quarter revenue of $94.04 billion, a 10% year-over-year increase, surpassing market expectations of $89.53 billion. iPhone revenue was $44.58 billion, and Mac revenue was $8.05 billion, both exceeding forecasts [2] - Amazon's second-quarter revenue was $167.7 billion, a 13% year-over-year increase, significantly above the expected $162.09 billion. However, its stock fell approximately 6.8% in after-hours trading [3] Group 3: Economic Indicators - The U.S. core Personal Consumption Expenditures (PCE) price index rose by 2.8% year-over-year in June, above the expected 2.7%. The overall PCE increased to 2.6%, marking the second consecutive month of growth [3] - Labor costs increased by 0.9% month-over-month, and initial jobless claims were reported at 218,000, slightly below expectations [3]