Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What's Driving Markets Friday?
Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What's Driving Markets Friday?
As a result, traders trimmed their expectations for Fed rate cuts, delaying the anticipated start to this summer. Yields surged higher, with the policy-sensitive two-year note yield climbing by over 10 basis points to reach 4.67%. Wall Street paused for a breather Friday following a stronger-than-anticipated producer inflation report that once again caught investors off guard, echoing the heat of a similarly strong consumer inflation report earlier in the week.
周五，华尔街暂停了片刻，此前一份强于预期的生产者通胀报告再次使投资者措手不及，这与本周早些时候发布的同样强劲的消费者通胀报告相呼应。
The Producer Price Index (PPI) for January 2024 saw a 0.3% month-over-month increase, surpassing the projected 0.1% surge, while the Consumer Price Index (CPI) surged by 3.1% year-on-year, exceeding the forecasted 2.9%, highlighting the ongoing intensity of the inflation battle.
2024年1月的生产者价格指数（PPI）同比增长0.3％，超过了预期的0.1％，而消费者物价指数（CPI）同比上涨3.1％，超过预期的2.9％，凸显了通货膨胀之战的持续激烈程度。
"The January inflation data vindicates the Fed's wait-and-see approach," Bank of America economist Stephen Juneau said in a note.
美国银行经济学家斯蒂芬·朱诺在一份报告中说：“一月份的通货膨胀数据证明了美联储的观望态度是正确的。”
As a result, traders trimmed their expectations for Fed rate cuts, delaying the anticipated start to this summer. Yields surged higher, with the policy-sensitive two-year note yield climbing by over 10 basis points to reach 4.67%.
结果，交易员下调了对美联储降息的预期，将预期的降息推迟到今年夏天。收益率飙升，对政策敏感的两年期国债收益率攀升超过10个基点，达到4.67％。
As of noon trading in New York, the S&P 500 showed minimal change for the day, while the tech-heavy Nasdaq 100 lagged behind, potentially ending a five-week winning streak. A similar trend was observed with both Microsoft Corp. (NYSE:MSFT) and Amazon.com Inc. (NASDAQ:AMZN)
截至纽约午盘交易，标普500指数当天变化微乎其微，而以科技股为主的纳斯达克100指数则落后，有可能结束为期五周的连涨势头。微软公司（纽约证券交易所代码：MSFT）和亚马逊公司（纳斯达克股票代码：AMZN）也观察到了类似的趋势
Friday's Performance In Major Indices, ETFs
周五主要指数、ETF的表现
| Major Indices & ETFs | Price | 1-day % chg |
| S&P 500 | 5,020.44 | -0.2% |
| Dow Jones | 38,675.17 | -0.3% |
| Nasdaq 100 | 17,749.70 | -0.5% |
| Russell 2000 | 2,044.70 | -0.9% |
| 主要指数和交易所买卖基金 | 价格 | 1 天涨跌幅百分比 |
| 标准普尔 500 | 5,020.44 | -0.2% |
| 道琼斯 | 38,675.17 | -0.3% |
| 纳斯达克 100 | 17,749.70 | -0.5% |
| 罗素 2000 | 2,044.70 | -0.9% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.2% lower to $500.96, the SPDR Dow Jones Industrial Average (NYSE:DIA) fell 0.3% to $386.90 and the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) fell 0.5% to $432.16, 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0.2％，至500.96美元；SPDR道琼斯工业平均指数（纽约证券交易所代码：DIA）下跌0.3％，至386.90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0.5％，至432.16美元。
The Consumer Staples Select Sector SPDR Fund (NYSE:XLP), outperformed, up 0.5%, while the Communication Services Select Sector SPDR Fund (NYSE:XLC) was the laggard, down 1.4%.
必需消费品精选板块SPDR基金（纽约证券交易所代码：XLP）表现跑赢大盘，上涨0.5％，而通信服务精选板块SPDR基金（纽约证券交易所代码：XLC）则落后，下跌1.4％。
Friday's Stock Movers
周五的股票走势
- Bio-Rad Laboratories Inc. (NYSE:BIO) rose over 7%, marking the largest one-day rise among S&P 500 stocks after the company released stronger-than-expected results last quarter.
- Digital Realty Corp. Inc. (NYSE:DLR) fell 7.6% after fourth-quarter results missed projections.
- Other companies reacting to earnings were Applied Materials Inc. (NYSE:AMAT), up 7%, Vulcan Materials Company (NYSE:VMC), Kinsale Capital Group Inc. (NYSE:KNSL), up 18%, The Trade Desk Inc. (NASDAQ:TTD), up 18%, Coinbase Global Inc. (NASDAQ:COIN), up 15%, Toast Inc. (NYSE:TOST), up 15%, ShockWave Medical Inc. (NASDAQ:SWAV), up 13%, Roku Inc. (NASDAQ:ROKU), down 23%, Dropbox Inc. (NASDAQ:DBX), down 21% and DoorDash Inc. (NASDAQ:DASH), down 9%.
- Bio-Rad Laboratories Inc.（纽约证券交易所代码：BIO）上涨超过7％，创下标准普尔500指数股票中最大的单日涨幅，此前该公司上个季度公布了强于预期的业绩。
- 由于第四季度业绩未达到预期，数字房地产公司（纽约证券交易所代码：DLR）下跌7.6％。
- 其他对收益做出反应的公司包括应用材料公司（纽约证券交易所代码：AMAT），上涨7％，火神材料公司（纽约证券交易所代码：VMC），金赛尔资本集团公司（纽约证券交易所代码：KNSL）上涨18％，贸易台公司（纳斯达克股票代码：TTD）上涨18％，Coinbase Global Inc.（纳斯达克股票代码：COIN），上涨15％，Toast.（纽约证券交易所代码：TOST）上涨15％，ShockWave Medical Inc.（纳斯达克股票代码：SWAV）上涨13％，Roku Inc.（纳斯达克股票代码：ROKU）下跌23％，Dropbox Inc.（纳斯达克股票代码：DBX）下跌21％，DoorDash Inc.（纳斯达克股票代码：DASH）下跌9％。
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Illustration created using artificial intelligence via MidJourney.
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