Markit PMI in the United States hit a two-year low in July, while services and composite PMI fell into a contraction range, indicating a significant deterioration in the economy. Twitter's revenue fell unexpectedly in the second quarter, falling year-on-year for the first time since the middle of the 2020 epidemic, following a lower-than-expected second-quarter revenue and a planned slowdown in hiring. Social media companies have repeatedly underperformed, and the market is increasingly worried about the online advertising business. Major indexes of U. S. stocks fell throughout the day, with social media stocks losing nearly $90 billion in one day.

Technology stocks were the biggest contributors to the decline in U. S. stocks on Friday. Snap Inc, which has fallen more than 20 per cent after trading on Thursday, fell nearly 40 per cent, while Meta, the parent company of social media giant Facebook Inc, fell nearly 5 per cent at one point, followed by chip stocks. Seagate Technology, which had poor second-quarter results and downgraded guidance, fell nearly 10 per cent. Among the leading technology stocks, Tesla, Inc., who announced a better-than-expected slowdown in the second quarter on Wednesday, gave up most of his gains after rising more than 2% in early trading, still closing higher for eight consecutive days and continuing to close at a new high for more than two months.

Despite Friday's decline, the three major US stock indexes still rose this week, thanks to Netflix Inc and Tesla, Inc. 's better-than-expected second-quarter results. Unlike US stocks, European stocks closed higher on Friday, led by defensive real estate, but eurozone PMI was generally lower than expected in July, hitting its lowest level in at least a year, while the economically sensitive banking sector led the decline against the market. Uniper, Germany's largest Russian natural gas importer, which will be held 30 per cent by the government and agreed a 15 billion bailout package with the German government, tumbled nearly 30 per cent. European stocks were also generally tired throughout the week, with the technology sector performing as well as US stocks.

The US PMI shows that corporate activity is obviously weak, and the expectation of a violent rate hike by the Federal Reserve continues to "reduce fever". Economists and the swap market expect the Fed to raise interest rates by 50 basis points in September rather than by 75 basis points, with the swap market predicting a 75 basis point rise in July. Treasury prices accelerated and yields fell more sharply. Benchmark 10-year us bond yields fell more than 10 basis points in intraday trading, while us stocks fell below 2.80 per cent to their lowest level since late may.

With weak US economic data, the dollar index accelerated its decline after an intraday decline, falling below 107.00 for two consecutive days and hitting a two-week low. After hitting a nearly two-decade high last week, it fell on the fourth day of the week, the biggest weekly decline in nearly two months. The euro rebounded against the dollar in intraday trading, with u.s. stocks close to a two-week high set by the European central bank on Thursday after the ECB raised interest rates, falling slightly throughout the day but up more than 1% throughout the week.

Eurozone PMI is lacklustre, with investors expecting recession fears to curb aggressive rate hikes by the ECB and sharply lower yields on European government bonds, with interest-rate-sensitive two-year German bunds falling more than 20 basis points a day, the biggest one-day drop since 2008.

Among commodities, poor economic data dampened demand expectations, and international crude oil futures continued to fall. Us WTI crude oil hit a new low since early April after last Thursday, but the monthly contract barely rose. Us natural gas reached the highest level since early June on the second day of this week, rising more than 10% every week in two consecutive weeks and repeatedly refreshing the biggest weekly increase in three months, reflecting that the high temperature weather in many places has made the market continue to bet on high natural gas demand. Supported by falling yields on the dollar and Treasuries, precious metal gold hit more than a week's high, reversing five consecutive weeks of losses this week, while industrial metals led by Lenny, which tumbled last week, rebounded, ending weeks of decline.

Three major US stock indexes fell to six-week highs Meta's plate led the decline, Tesla, Inc. 's plate led the week higher.

The three major U. S. stock indexes were mixed at the start of trading, and all turned lower in early trading. The high-opening Dow Jones industrial average rose more than 180 points, or nearly 0.6%, at its opening session high. The slightly lower S & P 500 index fell at the start of trading and rose in the next two short-term terms. The low-opening NASDAQ composite index only rose in the short term at the beginning of the session. At midday lows, the Dow was down just over 300 points, or more than 0.9%, with the s & p and Nasdaq down 1.5% and 2.4%, respectively.

In the end, the three major indexes fell back after three consecutive days of gains, falling off their six-week closing high. The Nasdaq, which led the decline, closed down 1.87% at 11834.11 points, leading a rise for three consecutive days as of Thursday, hitting a new closing high since June 8. S & p closed down 0.93% at 3961.63, its biggest three-day gain since may 27 on Thursday. The Dow closed down 137.61 points, or 0.43%, at 31899.29, and Standard & Poor's both closed at their highest close since June 9 for the third straight day on Thursday.

The Russell 2000 index of small-cap stocks, which is dominated by value stocks, closed down 1.62%, while the technology-heavy Nasdaq 2000 index closed down 1.77%, both of which closed down for the first time in recent four days.

Major US stock indexes rose across the board this week, easily erasing last week's losses, thanks to gains from Tuesday to Thursday, especially the biggest daily gain in more than three weeks on Tuesday. The Nasdaq and Nasdaq 100, which fell more than 1 per cent last week, rose 3.33 per cent and 3.45 per cent respectively, while the S & P, which fell more than 0.9 per cent last week, rose 2.55 per cent, the fourth week of the last 16 weeks; the Dow, which fell nearly 0.2 per cent last week, rose 1.95 per cent, the fourth week of the last 17 weeks; and the Russell 2000, which rose more than 2 per cent last week, rose 3.58 per cent and rose in the fourth week of the last 14 weeks.

Among the major S & P 500 sectors, only utilities up 1.4 per cent, real estate up 0.8 per cent and essential consumer goods up 0.7 per cent closed higher on Friday, while communications services in Meta and Alphabet Inc-CL C's sector, which fell more than 4.3 per cent, led the decline, while IT, where chip stocks are located, fell 1.4 per cent, while other sectors fell less than 0.9 per cent, with industry falling 0.3 per cent. Only three sectors, namely, communications services down more than 1 per cent, public utilities down more than 0.4 per cent and health care down more than 0.3 per cent, fell this week. Tesla, Inc. 's consumer discretionary goods rose by about 6.8 per cent, while industry and materials rose by more than 4 per cent.

Among the leading technology stocksOnly Tesla, Inc. closed up, up 0.2%, refreshing Thursday's closing high since May 6, up eight days in a row. Among the six major technology stocks in FAANMG, Facebook Inc's parent company Meta closed down about 7.6%, falling off its high since June 9. Alphabet Inc-CL C's parent company Alphabet, which is both a digital advertising giant with Meta, fell 5.6%, leaving its high since July 11. Amazon.Com Inc, which hit a new high since June 6 on Thursday, fell nearly 1.8%, Apple Inc fell 0.8%, and Microsoft Corp, who closed high on July 8 on Thursday, fell nearly 1.7%. Netflix Inc, who rose to its highest level since April 20 on Thursday, fell more than 1.5 per cent. Of these technology stocks, except for the 4.3 per cent Alphabet, the rest are up this week, with Nai soaring about 16.6 per cent, Tesla, Inc. 13.4 per cent, Amazon.Com Inc 7.8 per cent, Apple Inc and Microsoft Corp up more than 2 per cent and 1 per cent respectively.

Most social media stocks have fallen sharply.Snap Inc (Snap Inc) closed down nearly 39.1 per cent, the lowest since March 1, 2020, while Pinterest (PINS) closed down 13.5 per cent, while TWTR, which had fallen more than 2 per cent in midday trading, closed up 0.8 per cent.

Chip stocks, which have been rising for days, fell back and outperformed the market as a whole.The Philadelphia semiconductor index and semiconductor industry ETF SOXX closed down about 2.5 per cent. Among the IT stocks in the S & P 500, Seagate Technology, which had poor results, closed down 8.1%, NVIDIA Corp fell more than 4%, Intel Corp and AMD fell more than 3%, Qualcomm Inc fell more than 1%, Applied Materials Inc and Lam Research Corp fell more than 2%, and Bolton fell 1%.

Among the stocks that reported results, Verizon Communications Inc (VZ), whose second-quarter earnings were lower than expected and lowered its full-year guidance, closed down nearly 6.8%. Although second-quarter income and profit were higher than expected, toy giant MAT (MAT), which saw a sharp drop of nearly 20% in American Girl brand doll sales, closed down 7.1%. American Express Co (AXP) and HCA Healthcare (HCA), whose second-quarter earnings and revenue were higher than expected, closed up 1.9% and 11.4%, respectively. Oil service giant SLB, whose second-quarter results beat expectations and raised its full-year guidance, closed up 4.3 per cent.

Hot Chinese stocks follow the fall of the marketETF KWEB and CQQQ closed down 3.5 per cent and 2 per cent, respectively. The Nasdaq Golden Dragon China Index (HXC) closed down 4 per cent. Of the four stocks on the Nasdaq 100th index, NetEase, Inc closed down more than 4.9 per cent, JD.com 3.8 per cent, Baidu, Inc. nearly 3.2 per cent and Pinduoduo 2.5 per cent. Among the other stocks, XPeng fell by more than 7%, NIO Inc. Motor by 7%, Li Auto Inc. by more than 6%, BABA and DouYu International by more than 4%, Tencent Powder by more than 3%, Xunlei by 3%, iQIYI, HUYA Inc. and Weibo by more than 2%, Trip.com by nearly 2%, and Zhihu Inc. by more than 1%.

As for European stocks, the pan-European stock index continued to close higher. The European Stoxx 600 index closed at its highest level since June 9 for the second day in a row and the third day of the week. Stock indexes of major European countries rose generally, while French and British stocks rose for two consecutive days, while German, Italian and Western stocks fell for two days in a row, but German, Italian and British stocks both closed up less than 0.1%. Only seven sectors failed to close on Friday. Economically sensitive banks led the decline by more than 1%, while industrial, medical, automotive and engineering sectors all fell slightly. Defensive real estate rose by more than 4% among the 12 gainers. Tourism up more than 2%, public utilities up more than 1% and oil and gas led the rise. Among stocks, Uniper tumbled 28.9%.

This week the Stoxx 600 index refreshed its biggest weekly gain since May 27, the week before last week. Stock indexes in all countries are rising. With the exception of telecom, which fell by more than 1%, and health care, which fell slightly, other sectors rose, led by real estate that rose nearly 8.1% and banks that rose nearly 8%, while financial services, retail and media rose more than 5%.

The dollar index hit a two-week low and its biggest weekly decline in nearly two months.

The ICE dollar index (DXY), which tracks a basket of the dollar's six major currencies, broke through a fresh session high of 107.30 in early trading and rose more than 0.4 per cent during the day, then quickly fell below 107.00 and continued to fall, with US stocks approaching 106.10 in early trading and falling more than 0.7 per cent on the day after hitting an intraday low since July 6 on Thursday.

By Friday's close, the dollar index was close to 106.60, down nearly 0.3% on the day, and 1.3% this week, the biggest weekly decline in nearly two months. The Bloomberg spot dollar index fell 0.2%, its lowest since July 8, and fell about 1% this week. Both the dollar index and the dollar index fell for two days in a row and ended three weeks higher.

The euro against the dollar approached 1.0130 in early trading in European stocks, refreshing its last four-day low, while US stocks rose again in early trading, rising above 1.0250 in early trading, approaching the two-week high set on Thursday, and finally falling 1.0220. It fell less than 0.2% on the day and rose more than 1.2% throughout the week.

The offshore RMB (CNH) rebounded against the dollar again in intraday trading. European stocks fell to 6.7842 in early trading, approaching the low set last Thursday when they fell below 6.78. after that, they continued to rise. Us stocks broke through 6.75 in early trading and then refreshed to 6.7476. At 04:59 Beijing time on the 23rd, the offshore RMB was at 6.7669 yuan against the dollar, up 38 points from late Thursday in New York. It fell 62 points this week and fell for two weeks. The decline was moderated from more than 700 points last week.

Us oil hit a three-month low and still rose slightly throughout the week. Us natural gas hit a six-week high and rose more than 18% in one week.

International crude oil futures fell for the second day in a row, but moderated from Thursday's intraday decline of more than 5%. When European stocks hit intraday lows, US WTI crude fell to $94.23, down 2.2 per cent on the day, while Brent crude approached $102, down nearly 1.9 per cent on the day. In the end, WTI September crude oil futures closed down 1.71% at $94.70 a barrel, breaking Thursday's closing low since April 11, closing below $100 for two consecutive days, while Brent September crude oil futures closed down 0.64% at $103.20 a barrel, the lowest since July 15.

This week, the monthly contract for American oil rose slightly by about 0.1%, while the September contract for cloth oil fell by 2.02%. Us oil rose for the first time in three weeks. Although cloth oil fell for three weeks in a row, the decline was much lower than the biggest weekly decline since April 1, which fell by more than 5% last week.

Us gasoline and natural gas futures rose. NYMEX August gasoline futures, which have fallen for two days in a row, closed up 2.3% at $3.2228 a gallon and rose 0.3% this week to stop a four-week decline. NYMEX August natural gas futures, which fell on Thursday, closed up 4.63% at $8.2990 per million British thermal units, refreshing Wednesday's high of more than 10% since June 13 and closing below $8 for the first time since June 13 on Wednesday. It rose 18.29% this week, the biggest gain in a week since January 28, and last week rose more than 16%, the biggest weekly increase since April 14.

European natural gas, which rose dangerously after a sharp fall in intraday trading on Thursday, continued to rise. ICE UK natural gas futures closed up 5.42% at 312.18 pence per kcal, closing above $300p for the first time since March 11, rising for four consecutive days, rising 55.86% this week, erasing last week's more than 20% decline. TTF benchmark Dutch natural gas futures closed 2.74% higher at 159.864 euros per megawatt hour, the highest since July 14, rising for three consecutive days and up 0.19% this week, returning to the rally after four weeks of gains at the end of last week.

Lunni hit a new high in more than two weeks, rising 14% in the whole week. Lunalco hit a three-week high and gold rose nearly 6% in a week. Gold hit a new high in more than a week and ended five weeks of continuous decline.

Six London base metal futures closed higher across the board for the first time since June 6. Lenny, which led the rally, rose more than $600, or 3%, for three consecutive days, closing above $22000 for the first time since July 5. Lunxi rose for two days in a row, closing closer to $25000 for the first time since Wednesday. Lun aluminum rose more than 2%, and Ren zinc rose nearly 2%, Lun copper rose more than 1%, and lun lead rebounded slightly. Lun Aluminum hit a new high since the end of June, with Zinc closing at nearly $3000. Luntu Copper closed above $7450 for the first time since last Monday, and Lun lead closed above $2000 for three consecutive days, less than 0.7 per cent from its one-month closing high set on Wednesday.

Base metals are accumulating collectively this week. Leading Lenny rose more than 14 per cent in a week, erasing last week's decline of more than 10 per cent, followed by Lomalco up 5.7 per cent, ending seven and eight weeks of decline, respectively. Lun lead rose 3.8% for two weeks. Lun copper rose more than 3%, ending six consecutive weeks of decline. Lun Zinc, which fell nearly 6% last week, rose more than 2%. Lunxi posted the smallest increase, up nearly 0.4%, rising for the first time in the last three weeks.

New York gold futures rose for two days in a row, while COMEX August gold futures closed up 0.82% at $1727.40 an ounce, the second consecutive high since Wednesday, July 13, up 1.4% this week, and silver ended five weeks lower.