Markets Tumble, VIX Up 8% On Hot Inflation Data, Dollar, Yields Jump As Traders Unwind Rate Cut Bets: What's Driving Markets Tuesday?
Markets Tumble, VIX Up 8% On Hot Inflation Data, Dollar, Yields Jump As Traders Unwind Rate Cut Bets: What's Driving Markets Tuesday?
Wall Street witnessed one of the worst sessions since the beginning of the year, with widespread declines across the board as stocks were hit by the impact of a higher-than-expected inflation report.
华尔街经历了自年初以来最糟糕的交易日之一，由于股市受到高于预期的通胀报告的影响，股市普遍下跌。
The Consumer Price Index (CPI) rose at a 3.1% annual rate in January, down from December's 3.4% but surpassing expectations of 2.9%. Core inflation, which excludes energy and food prices, unexpectedly remained steady at 3.9%, failing to meet the anticipated decline to 3.7%. Monthly fluctuations also exceeded expectations, causing ripples in interest rate forecasts.
1月份消费者价格指数（CPI）年增长率为3.1％，低于12月的3.4％，但超过了预期的2.9％。不包括能源和食品价格的核心通货膨胀率出人意料地稳定在3.9％，未能达到预期的3.7％的降幅。月度波动也超出了预期，导致利率预测波动。
Traders swiftly adjusted their positions, lowering their expectations for rate cuts in 2024. March is now completely off the table, with the likelihood of the first cut by June at 76%, and almost fully priced by July. The anticipated number of rate cuts for 2024 has been reduced to four, down from nearly six just a couple of weeks ago.
交易者迅速调整了头寸，降低了对2024年降息的预期。3月份现在已经完全不在话下，可能在6月份之前首次削减76％，到7月份几乎全部定价。2024年的预期降息次数已从几周前的近六次减少到四次。
Treasury yields surged across the board, with the 2-year yield rising by 15 basis points to 4.60%, and the 10-year yield by 10 basis points to 4.29%. The widely followed iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) plummeted 1.3%, reaching lows last seen in early December 2023.
美国国债收益率全面飙升，2年期国债收益率上升15个基点至4.60％，10年期国债收益率上升10个基点至4.29％。广受关注的iShares 20年期以上国债ETF（纳斯达克股票代码：TLT）暴跌1.3％，触及2023年12月初的低点。
Essentially, every major asset except the U.S. dollar saw declines on Tuesday. Volatility spiked once again, with the CBOE Volatility Index or VIX rising by 8%. Small-cap stocks were hit hardest, with the iShares Russell 2000 ETF (NYSE:IWM) dropping over 3%.
从本质上讲，除美元以外的所有主要资产在周二均出现下跌。波动率再次飙升，芝加哥期权交易所波动率指数（VIX）上涨了8％。小盘股受到的打击最大，iShares Russell 2000 ETF（纽约证券交易所代码：IWM）下跌了3％以上。
Bitcoin (CRYPTO: BTC) slumped by 1.5% after reaching $50,300 overnight, while gold, as tracked by the SPDR Gold Trust (NYSE:GLD), fell below $2,000 an ounce for the first time in two months.
比特币（加密货币：BTC）隔夜跌至50,300美元后下跌了1.5％，而SPDR黄金信托基金（纽约证券交易所代码：GLD）追踪的黄金两个月来首次跌破每盎司2,000美元。
Tuesday's Performance In Major Indices, ETFs
周二主要指数、ETF的表现
| Major Indices & ETFs | Price | % |
| S&P 500 | 4,953.69 | -1.4% |
| Dow Jones | 38,218.67 | -1.5% |
| Nasdaq 100 | 17,611.80 | -1.5% |
| Russell 2000 | 1,944.94 | -3.5% |
| CBOE VIX | 15.05 | 8.0% |
| 主要指数和交易所买卖基金 | 价格 | % |
| 标准普尔 500 | 4,953.69 | -1.4% |
| 道琼斯 | 38,218.67 | -1.5% |
| 纳斯达克 100 | 17,611.80 | -1.5% |
| 罗素 2000 | 1,944.94 | -3.5% |
| CBOE VIX | 15.05 | 8.0% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) was 1.4% lower to $493.76, the SPDR Dow Jones Industrial Average (NYSE:DIA) fell 1.5% to $382.25 and the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) dropped 1.6% to $436.72, according to Benzinga Pro data.
根据Benzinga Pro的数据，SPDR标准普尔500指数ETF信托（纽约证券交易所代码：SPY）下跌1.4％，至493.76美元；SPDR道琼斯工业平均指数（纽约证券交易所代码：DIA）下跌1.5％，至382.25美元；以科技股为主的景顺QQ信托（纳斯达克股票代码：QQQ）下跌1.6％，至436.72美元。
None of the eleven sectors comprising the S&P 500 experienced gains on Tuesday. The Real Estate SPDR Select Sector Fund (NYSE:XLRE) recorded the largest decline, dropping by 2.7%, closely followed by the Utilities SPDR Select Sector Fund (NYSE:XLU), down 2.2%.
周二，构成标准普尔500指数的11个板块均未上涨。房地产SPDR精选板块基金（纽约证券交易所代码：XLRE）跌幅最大，跌幅2.7％，紧随其后的是公用事业SPDR精选行业基金（纽约证券交易所代码：XLU），下跌2.2％。
Industry-wise, gold miners, tracked by the VanEck Gold Miners ETF (NYSE:GDX), and solar stocks, monitored through the Invesco Solar ETF (NYSE:TAN), were the underperformers, declining by 5.5% and 5%, respectively.
行业方面，由VanEck Gold Miners ETF（纽约证券交易所代码：GDX）追踪的黄金矿商和通过景顺太阳能ETF（纽约证券交易所代码：TAN）监管的太阳能股票表现不佳，分别下跌了5.5％和5％。
Tuesday's Stock Movers
周二的股票走势
- Biogen Inc. (NASDAQ:BIIB) fell 7.5% after the company missed both earnings and revenue estimates last quarter.
- SSR Mining Inc. (NASDAQ:SSRM) fell 60%, marking the worst performance among Russell 1000 stocks, on suspension of operation at a mine in Turkey.
- Other companies reacting to earnings were Waste Management Inc. (NYSE:WM), Coca-Cola Company (NYSE:KO), down 1.7%, Moody's Corp. (NYSE:MCO), down 7.6%, Marriot International (NASDAQ:MAR), down 6.3%, Zoetis Inc. (NYSE:ZTS), down 6%, Ecolab Inc. (NYSE:ECL), up 8.8%, Datadog Inc. (NASDAQ:DDOG), down 4.3%.
- Companies reporting after the closing bell are Airbnb Inc. (NASDAQ:ABNB), American International Group Inc. (NYSE:AIG), Welltower Inc. (NYSE:WELL).
- 百健公司（纳斯达克股票代码：BIIB）下跌7.5％，此前该公司上个季度的收益和收入均未达到预期。
- 由于土耳其一座矿山暂停运营，SSR矿业公司（纳斯达克股票代码：SSRM）下跌了60％，这是罗素1000指数股票中表现最差的股票。
- 其他对收益做出反应的公司包括废物管理公司（纽约证券交易所代码：WM）、可口可乐公司（纽约证券交易所代码：KO）下跌1.7％、穆迪公司（纽约证券交易所代码：MCO）下跌7.6％、万豪国际（纳斯达克股票代码：MAR）下跌6.3％、佐提斯公司（纽约证券交易所代码：ZTS）下跌6％、Ecolab Inc.（纽约证券交易所代码：ECL）上涨8.3％ 8％，Datadog Inc.（纳斯达克股票代码：DDOG），下跌4.3％。
- 收盘后公布报告的公司包括爱彼迎公司（纳斯达克股票代码：ABNB）、美国国际集团公司（纽约证券交易所代码：AIG）、Welltower Inc.（纽约证券交易所代码：WELL）。
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