Stocks Edge Up As Producer Inflation Supports Rate Cut Bets, Small Caps, Miners Rally: What's Driving Markets Thursday?
Stocks Edge Up As Producer Inflation Supports Rate Cut Bets, Small Caps, Miners Rally: What's Driving Markets Thursday?
At midday on Thursday, Wall Street was showing slight gains, with small caps leading the charge. The Russell 2000 index surged 1.2%, outperforming large-cap indices in a notable rebound.
周四中午，华尔街小幅上涨，小盘股领涨。罗素2000指数飙升了1.2％，表现明显超过了大盘股指数。
The session kicked off with the release of the August Producer Price Index (PPI), which revealed mixed inflation data, following a slightly hotter-than-expected underlying consumer inflation picture a day earlier.
该会议以8月生产者物价指数（PPI）的发布拉开序幕，该指数公布了喜忧参半的通胀数据，此前一天基本消费者通胀情况略高于预期。
However, the PPI report had little impact on market expectations surrounding future Federal Reserve rate cuts, with traders fully pricing in a reduction in the fed funds rate next week.
但是，PPI报告对市场对美联储未来降息的预期影响不大，交易员对下周联邦基金利率的下调做出了充分的定价。
Meanwhile, jobless claims remained largely unchanged from the previous week and in line with forecasts, suggesting stability in the labor market.
同时，申请失业救济人数与前一周基本保持不变，符合预期，这表明劳动力市场稳定。
Also in line with market expectations, the European Central Bank (ECB) also announced a 25-basis-point cut to the deposit facility rate, lowering it to 3.5%.
同样符合市场预期，欧洲央行（ECB）还宣布将存款便利利率下调25个基点，将其降至3.5％。
The macroeconomic backdrop provided a tailwind for commodities. Gold hit a new all-time high, up 1.7% surpassing $2,550 per ounce, boosting mining stocks.
宏观经济背景为大宗商品提供了顺风。金价创下历史新高，上涨1.7％，超过每盎司2550美元，提振了矿业股。
The VanEck Gold Miners ETF (NYSE:GDX) surged 4.3% by midday, marking its strongest session since early March 2024.
截至中午，VanEck Gold Miners ETF（纽约证券交易所代码：GDX）飙升了4.3％，创下了自2024年3月初以来最强劲的交易日。
Silver prices also saw a strong uptick, rallying 3.8%, which pushed the Global X Silver Miners ETF (NYSE:SIL) up by more than 5%, positioning it for its best session since December 2023.
白银价格也强劲上涨，上涨了3.8％，这使Global X白银矿业ETF（纽约证券交易所代码：SIL）上涨了5％以上，创下了2023年12月以来的最佳交易日。
Across the broader commodities complex, oil prices climbed 2.4%, while natural gas spiked 4.5%.
在更广泛的大宗商品综合体中，油价上涨了2.4％，而天然气价格上涨了4.5％。
In the cryptocurrency market, Bitcoin (CRYPTO: BTC) was up 1.1%, rebounding after Wednesday's slight dip.
在加密货币市场上，比特币（加密货币：BTC）上涨1.1％，在周三小幅下跌后反弹。
Thursday's Performance In Major US Indices, ETFs
周四美国主要指数、ETF的表现
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,132.34 | 1.2% |
| Nasdaq 100 | 19,340.93 | 0.5% |
| S&P 500 | 5,572.48 | 0.3% |
| Dow Jones | 40,928.03 | 0.2% |
| 主要指数 | 价格 | 1 天 %chg |
| 罗素 2000 | 2,132.34 | 1.2% |
| 纳斯达克 100 | 19,340.93 | 0.5% |
| 标准普尔 500 | 5,572.48 | 0.3% |
| 道琼斯 | 40,928.03 | 0.2% |
According to Benzinga Pro data:
根据 Benzinga Pro 的数据：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.4% higher to $557.23.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.3% to $410.61.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) rose 0.6% to $471.53.
- The iShares Russell 2000 ETF (NYSE:IWM) rallied 1.3% to $211.46.
- The Communication Services Select Sector SPDR Fund (NYSE:XLC) outperformed, up 1.3%. The Real Estate Select Sector SPDR Fund (NYSE:XLRE) was the laggard, down 0.5%.
- SPDR标准普尔500指数ETF信托（纽约证券交易所代码：SPY）上涨0.4％，至557.23美元。
- SPDR道琼斯工业平均指数（纽约证券交易所代码：DIA）上涨0.3％，至410.61美元。
- 以科技股为主的景顺QQ信托系列（纳斯达克股票代码：QQQ）上涨0.6％，至471.53美元。
- iShares Russell 2000 ETF（纽约证券交易所代码：IWM）上涨1.3％，至211.46美元。
- 通信服务精选行业SPDR基金（纽约证券交易所代码：XLC）跑赢大盘，上涨1.3％。房地产精选板块SPDR基金（纽约证券交易所代码：XLRE）表现落后，下跌0.5％。
Thursday's Stock Movers
周四的股票走势
- Newmont Corp. (NYSE:NEM) soared 4.5% after BNP Paribas raised the price target from $58 to $65.
- Moderna Inc. (NASDAQ:MRNA) plunged over 14% after announcing plans to cut annual R&D spending by approximately $1.1 billion starting in 2027, citing "recent commercial challenges." The company now projects its 2025 revenue to range between $2.5 billion and $3.5 billion, below analyst expectations of $3.9 billion.
- Medical Properties Trust, Inc (NYSE:MPW) rallied by over 17%, fter the medical REIT disclosed a global settlement with tenant Steward Health Care System, its secured lenders, and the Unsecured Creditors Committee.
- Micron Technology Inc. (NASDAQ:MU) fell by about 3.5% after Raymond James lowered its price target on the stock from $160 to $125.
- 法国巴黎银行将目标股价从58美元上调至65美元后，纽蒙特公司（纽约证券交易所代码：NEM）飙升了4.5％。
- 摩德纳公司（纳斯达克股票代码：MRNA）以 “最近的商业挑战” 为由宣布计划从2027年开始将年度研发支出削减约11亿美元，暴跌超过14％。该公司现在预计其2025年的收入将在25亿美元至35亿美元之间，低于分析师预期的39亿美元。
- 医疗地产信托公司（纽约证券交易所代码：MPW）上涨了17％以上，此前该医疗房地产投资信托基金披露了与租户Steward Health Care System、其有担保贷款人和无担保债权人委员会达成的全球和解协议。
- 美光科技公司（纳斯达克股票代码：MU）下跌约3.5％，此前雷蒙德·詹姆斯将该股的目标股价从160美元下调至125美元。
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