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Recent movements in the US stock market have drawn attention, as several important economic data and corporate news have sparked market interest.
In terms of economic data, the U.S. Consumer Price Index (CPI) for July, not seasonally adjusted, remained at an annual rate of 2.7%, unchanged from the previous month. Meanwhile, the core CPI annual rate reached 3.1%, marking a new high in nearly five months. Following the release of this data, the U.S. short-term interest rate futures market experienced a decline, reflecting traders' expectations that the Federal Reserve may cut rates in September and December of this year.
In the business world, several well-known companies have announced important news. In the automotive industry, Ford Motor Company announced a recall of over 100,000 F-150 series vehicles in the U.S., raising safety concerns. Meanwhile, Tesla has launched a new model with the strongest range capabilities, priced starting at $269,500, further solidifying its position in the electric vehicle market.
The steel industry giant U.S. Steel has reported unfortunate news: an explosion occurred at one of its plants, resulting in two deaths and ten injuries, raising concerns about industrial safety.
The technology sector is also restless. AMD announced that it will provide 100,000 hours of free GPU cloud computing services to researchers and developers in Malaysia, highlighting its strategic layout in the Asian market. Micron Technology, on the other hand, announced a global halt to the new development of Micron Mobile and related products, and will terminate the UFS 5 series products, indicating a shift in its business focus.
Nvidia stated that it will comply with the rules set by the U.S. government regarding the 15% "transaction license tax" imposed on exports of AI chips to China, while striving to provide services to more customers. This statement reflects the balancing act that tech companies must perform under international trade policies.
In addition, Tesla CEO Musk has strongly criticized Apple's practices in the App Store, stating that they constitute antitrust violations and that his xAI company will take legal action. This controversy highlights the intense competition and potential legal disputes between tech giants.
Overall, the US stock market is undergoing various changes and challenges, from macroeconomic indicators to individual companies' strategic adjustments, all shaping the future direction of the market. Investors need to closely follow these developments to make informed investment decisions.