Equity Markets Fall as Traders Parse Consumer Spending Report
Equity Markets Fall as Traders Parse Consumer Spending Report
US benchmark equity indexes closed lower Friday as markets assessed a report showing consumer spending rose less than expected in May.
周五，随着市场评估了一份报告，显示五月份消费支出低于预期，美国基准股票指数全线下跌。
The Nasdaq Composite fell 0.7% to 17,732.6, while the S&P 500 lost 0.4% to 5,460.5. The Dow Jones Industrial Average dropped 0.1% to 39,118.9. Communication services posted the steepest decline among sectors, followed by consumer discretionary. Real estate led the gainers.
纳斯达克综合指数下跌0.7%至17,732.6，标普500指数下跌0.4%至5,460.5点，道琼斯工业平均指数下跌0.1%至39,118.9。与之相反，房地产行业领涨，通讯服务比部门下跌最多，其次是消费者自选股。
For the week, the Dow and the S&P 500 ticked 0.1% lower each, while the Nasdaq rose 0.2%.
本周，道琼斯指数和标普500指数分别下跌0.1%，而纳斯达克指数上涨0.2%。
In economic news, US consumer spending increased less than projected last month, while inflation slowed at the monthly and annual levels, data from the Bureau of Economic Analysis showed. Growth in the Federal Reserve's preferred inflation measure -- which excludes the volatile food and energy components -- eased in line with Wall Street's projections.
根据美国经济分析局的数据，美国经济新闻显示，上月美国消费者支出增长不如预期，而通胀在月度和年度水平上放缓。美联储首选通胀测量指标的增长 -- 不包括食品和能源波动的因素 -- 与华尔街的预期接近。
"(Fed) officials will want to see a few more encouraging inflation reports before beginning to cut interest rates, but they will not wait until inflation falls to their 2% target," Oxford Economics said in a note.
牛津经济学在一份报告中表示：“(美联储)官员们希望在开始削减利率之前看到更多令人鼓舞的通胀报告，但他们不会等到通货膨胀降至他们的2％目标。”
US consumer sentiment fell less than estimated in June, while year-ahead inflation expectations dropped, the University of Michigan's Surveys of Consumers showed.
密歇根大学消费者调查显示，预计明年通胀预期下降，但美国消费者情绪下降情况并不像最初估计的那样严重。
"While consumers exhibited confidence that inflation will continue to moderate, many expressed concerns about the effect of high prices and weakening incomes on their personal finances," Surveys of Consumers Director Joanne Hsu said.
消费者调查中心主任Joanne Hsu表示：“虽然消费者表现出通胀持续缓和的信心，但许多人对高物价和收入下降对个人财务的影响表示担忧。”
The US 10-year yield rose 9.6 basis points to 4.38%, while the two-year rate gained 2.9 basis points to 4.75%.
美国10年期收益率上涨9.6个基点至4.38%，而2年期收益率上涨2.9个基点至4.75%。
Richmond Fed President Tom Barkin said that the US economy has been resilient despite a tight monetary policy, but should eventually slow further.
里士满联储银行行长汤姆·巴尔金（Tom Barkin）表示，尽管货币政策严格，但美国经济一直是具有韧性的，但应该最终放缓。
"The US economy, particularly its consumer, has been much more resilient to rate increases than most expected and is likely to stay so as long as valuations remain elevated, and unemployment remains low," Barkin said.
巴尔金表示：“美国经济，尤其是其消费者，对于利率上涨比大多数人预期的都更具有韧性，并且只要估值保持上涨，失业率保持低位，就有可能保持不变。”
On Thursday, Fed Governor Michelle Bowman said that she continues to see numerous upside risks to inflation and that she doesn't think policymakers are ready to cut interest rates. Separately, Atlanta Fed President Raphael Bostic said he still believes the Federal Open Market Committee could start reducing rates in the fourth quarter.
美联储理事米歇尔·鲍曼（Michelle Bowman）周四表示，她仍然看到通胀上行存在许多上行风险，并且她认为政策制定者还没有准备好降息。此外，亚特兰大联储银行行长拉斐尔·博斯蒂克（Raphael Bostic）表示，他仍然相信联邦公开市场委员会可能在第四季度开始减息。
West Texas Intermediate crude oil fell 0.3% to $81.50 per barrel Friday.
WTI原油周五下跌0.3%，至每桶81.50美元。
In company news, Nike (NKE) shares tumbled nearly 20%, the steepest decline on the S&P 500 and the Dow. The athletic footwear and apparel maker late Thursday lowered its full-year revenue outlook after logging a surprise decline in fiscal fourth-quarter sales even as its earnings outperformed estimates.
耐克(Nike)的股价暴跌近20%，是标普500指数和道琼斯指数中跌幅最大的。这家运动鞋和服装生产商周四晚上调低了全年收入预期，尽管其盈利表现超过了预期，但第四财季销售意外下降。
Wedbush Securities said in a Friday note to clients that the challenges facing Nike are "clearly more impactful" than previously expected.
Wedbush Securities在给客户的星期五的报告中表示，耐克面临的挑战“明显比以前预期的更具影响力。”
Synchrony Financial (SYF) was the top gainer on the S&P 500, up 6.7%, as Baird initiated coverage with an outperform rating and a $56 price target.
Synchrony Financial (SYF)是标普500指数中表现最好的股票，涨幅为6.7%，因为Baird证券刚刚开始覆盖该公司，给予它“跑赢大盘”评级并设56美元的目标价。
Gold dropped 0.1% to $2,335.10 per troy ounce, while silver rose 0.5% to $29.41 per ounce.
黄金下跌0.1%，至每盎司2,335.10美元，白银上涨0.5%，至每盎司29.41美元。