US Stock Market Update: On Friday, the three major US indices showed mixed results, with tech stocks under pressure. The Nasdaq slightly declined by 0.3%, while the Dow Jones gained 0.1%. The market continues to focus on inflation data and signals from the Federal Reserve, with investors adopting a cautious stance.

AI Giants Reach New Highs: NVIDIA's earnings report exceeded expectations, with the stock price soaring 8% after hours, driven by demand for data centers and a doubling of revenue from AI chips year-over-year. Analysts state that it remains a core beneficiary in the AI sector.

Federal Reserve Direction: The Jackson Hole Global Central Bank Annual Meeting opens today, with Federal Reserve Chairman Powell's speech attracting attention. The market expects him to reiterate a 'data-dependent' stance, maintaining flexibility for a rate hike in September, but the initiation of a rate-cut cycle may be delayed.

Treasury Yields Climb: The yield on the 10-year US Treasury rose to 4.25%, reaching a nearly two-week high, reflecting market expectations for sustained high long-term interest rates. Mortgage rate pressures may continue to intensify.

Economic Data: The core PCE price index for July increased by 4.2% year-over-year (expected 4.1%), indicating persistent inflation stickiness. Consumer spending remains resilient, but Q3 economic growth expectations have been slightly revised down.