According to BlockBeats, on August 3rd, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated: "While the U.S. PMI data released in July remained stable, the survey data revealed some warning signs about the future growth trajectory. Production growth slowed significantly in July, which is related to the third consecutive month of weak new business growth, reflecting a reduction in inventory backlogs after the exceptionally strong precautionary inventory buildup in the second quarter."

Furthermore, increased supply chain delays, declining exports, and further customer resistance to high prices have added to the pressure. Although raw material cost inflation has eased slightly, inflationary pressures remain high due to persistently high energy prices and tariffs.

In response, producers either attempted to raise prices to protect profits or strived to improve production efficiency, resulting in persistently high factory gate price inflation in July, while employment growth also leveled off. In the current environment, business optimism regarding the economic growth outlook has fallen to its lowest level since October of last year, highlighting the downside risks to the near-term outlook.

According to BlockBeats, on August 3, US President Trump posted on social media: "Oil companies, lower your prices." This statement comes as the market continues to focus on energy price trends and their impact on US inflation.

According to BlockBeats, on August 3, based on Bit (Bit.com) market data, Microsoft (MSFT.O) saw its gains expand to over 5%, with a cumulative increase of over 25% in three days.

According to BlockBeats, on August 3rd, based on Bit (Bit.com) market data, US storage concept stocks saw further declines, including:

SanDisk (SNDK) fell 1.45%; Western Digital (WDC) fell 5.89%; Seagate Technology (STX) fell 6.58%; Micron (MU) fell 4.47%; SK Hynix (SKHY) fell 5.23%.