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The just-released GDP growth in the second quarter of the USA is faster than expected, and core inflation has fallen slightly, unaffected by the expectation of a rate cut by the Federal Reserve in September.
On Thursday, July 25th, the three major indexes of the US stock market fluctuated. The Dow Jones Industrial Average fell 0.1%, the S&P 500 Index rose 0.1%, and the Nasdaq rose 0.1%.
New Oriental fell about 4%. Dong Yuhui resigned and bought 100% equity of a colleague for 76.59 million. Ford Motor dropped by about 14%. The company's second-quarter profit decreased by 26%, far below expectations, and the full-year guidance was not raised. Most semiconductor stocks fell, with Micron Technology falling about 3%. IBM rose about 2%. The company's second-quarter revenue exceeded expectations, and it said that generative AI brought in orders of over 2 billion US dollars.
