Wall Street Closes At Record Highs After Reassurance From Powell: Magnificent 7 Hit $17 Trillion, Treasury Yields Erase Post-Election Spike
Wall Street Closes At Record Highs After Reassurance From Powell: Magnificent 7 Hit $17 Trillion, Treasury Yields Erase Post-Election Spike
Notably, the combined market capitalization of the Magnificent Seven — The U.S. stock market closed at record highs Thursday after the Federal Reserve's widely expected decision to lower interest rates and Fed Chair Jerome Powell's press conference where he reassured markets by dismissing concerns about his potential resignation or removal following the election of Donald Trump.
美国股市周四创历史新高，此前美联储决定降低利率并在鲍威尔主席的新闻发布会上消除了市场对他潜在辞职或在特朗普当选后被解职的担忧。
The S&P 500 — as tracked by SPDR S&P 500 ETF Trust (NYSE:SPY) — closed at 5,973 points, up 0.7% for the day.
标普500指数（由SPDR标普500 ETF信托（纽约证券交易所：SPY）跟踪）收于5,973点，日内上涨0.7%。
Tech stocks outperformed the broader market, with the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), surging 1.5% higher to an all-time high of 21,100 points.
科技股表现优于整体市场，纳斯达克100指数（由纳指100etf-invesco qqq信托（纳斯达克：QQQ）跟踪）上涨1.5%，刷新至21,100点的历史新高。
Notably, the combined market capitalization of the Magnificent Seven — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. (NASDAQ:TSLA) — soared to over $17 trillion, setting a new peak.
值得注意的是，科技七巨头的市值总额--微软公司（纽约证券交易所：MSFT）、苹果公司（纳斯达克：AAPL）、英伟达公司（纳斯达克：NVDA）、alphabet inc（纳斯达克：GOOG）（纳斯达克：GOOGL）、亚马逊公司（纳斯达克：AMZN）、meta platforms公司（纳斯达克：META）和特斯拉公司（纳斯达克：TSLA）--飙升至超过$17万亿，创下新高。
The Dow Jones stalled after Wednesday's 3.6% rise, while small caps eased 0.4% following a 5.8% jump the previous day.
道琼斯指数在周三上涨3.6%后停滞，而小盘股在前一日上涨了5.8%后下跌了0.4%。
Top-performing sectors in the S&P 500 were technology, up 1.8%, followed by communications services and consumer discretionary, both up by 1.3%. Financials, which rallied the most Wednesday, lagged on Thursday, down 1.5%.
标普500指数中表现最佳的板块是科技，涨幅1.8%，通信服务和消费板块分别上涨1.3%。金融板块在周三涨势最大，而周四下跌了1.5%。
Fed Cuts Rates, Powell Dismisses Concerns Over His Future
美联储降息，鲍威尔对自己未来的担忧不予理会。
The Federal Reserve cut interest rates by 0.25% to 4.5%-4.75% as expected, a reduction in the pace of easing after the larger 0.5% cut in September.
美联储将利率按预期降低0.25%，至4.5%-4.75%，这是继9月份较大的0.5%降息后放缓的节奏。
The Fed recognized robust economic momentum, with the GDP rising by 2.8% in the second quarter, and resilient consumer confidence.
美联储认可经济势头强劲，第二季度国内生产总值增长2.8%，消费者信心持久。
Powell downplayed weak October employment data, noting that near-zero job growth was largely due to temporary factors like strikes and hurricanes rather than underlying economic weakness.
鲍威尔淡化了十月份就业数据疲弱，指出接近零的就业增长主要是由于罢工和飓风等暂时因素，而非经济本质上的弱点。
Powell described the rate cut as part of a "further recalibration" of monetary policy, which he emphasized remains "restrictive." He hinted at the possibility of more easing in the future but refrained from signaling a specific rate cut at the December meeting, stressing a data-dependent approach.
鲍威尔将降息描述为货币政策的"进一步校准"的一部分，他强调货币政策仍处于"偏紧"状态。他暗示未来可能有更多宽松政策，但在12月会议上没有明确表示将降息，强调了基于数据的方法。
When asked if he would resign if requested by Trump, Powell responded firmly, "No," reiterating that the president does not have the legal authority to remove the Fed chair.
当被问及如果特朗普要求辞职，鲍威尔坚决回应:"不"，重申总统没有法定权力撤换美联储主席。
Following Powell's comments, market-implied expectations for a 25-basis-point rate cut in December surged to 75%, recovering from Wednesday's post-election dip.
在鲍威尔的讲话之后，市场预期12月份降息25个基点的概率激增至75%，从周三选举后的下跌中恢复过来。
Treasury yields pulled back sharply, with the 10-year yield dropping 10 basis points to 4.33%, almost erasing the spike from the previous day.
美国国债收益率急剧回落，10年期国债收益率下降了10个基点至4.33%，几乎抹去了前一天的飙升。
The U.S. dollar weakened 0.7%, while gold prices, as tracked by the SPDR Gold Trust (NYSE:GLD), rebounded 1.8% after Wednesday's 3% slump.
美元走弱了0.7%，而由SPDR金etf (NYSE:GLD)跟踪的黄金价格在周三下跌3%之后反弹了1.8%。
Bitcoin (CRYPTO: BTC) traded up by 1% at 4:30 p.m. in New York, hitting a record-high of $76,990 during the session.
比特币 (CRYPTO: BTC) 在纽约时间下午4:30上涨1%，在交易中达到创纪录的76990美元。
S&P 500's Top 5 Gainers On Thursday
标普500指数周四涨幅前五名
| Name | Last | Chg % |
| EPAM Systems, Inc. (NYSE:EPAM) | 233.00 | 14.95% |
| Viatris Inc. (NASDAQ:VTRS) | 13.20 | 13.69% |
| Super Micro Computer, Inc. (NASDAQ:SMCI) | 25.47 | 12.21% |
| Warner Bros. Discovery, Inc. (NASDAQ:WBD) | 9.38 | 11.91% |
| McKesson Corporation (NYSE:MCK) | 607.76 | 10.64% |
| 名称 | 最近 | Chg % |
| EPAm Systems, Inc.（纽交所：EPAM） | 233.00 | 14.95% |
| Viatris Inc.（纳斯达克：VTRS） | 13.20 | 13.69% |
| Super Micro Computer，Inc.（纳斯达克：SMCI） | 25.47 | 12.21% |
| 华纳兄弟发现公司 (纳斯达克:WBD) | 9.38 | 11.91% |
| 麦克森公司（纽交所：MCK） | 607.76 | 10.64% |
S&P 500's Top 5 Losers On Thursday
标普500指数周四的五大跌幅股
| Name | Last | Chg % |
|---|---|---|
| Match Group, Inc. (NASDAQ:MTCH) | 31.11 | -17.86% |
| APA Corporation (NASDAQ:APA) | 21.93 | -11.34% |
| CVS Health Corporation (NYSE:CVS) | 57.09 | -7.33% |
| Rockwell Automation, Inc. (NYSE:ROK) | 277.22 | -5.71% |
| Becton, Dickinson and Co. (NYSE:BDX) | 227.16 | -5.38% |
| 名称 | 最后 | 变动% |
|---|---|---|
| Match Group公司，股票代码：纳斯达克MTCH | 31.11 | -17.86% |
| APA公司 (纳斯达克: APA) | 21.93 | -11.34% |
| 西维斯健康公司（纽约证券交易所股票代码：CVS） | 57.09 | -7.33% |
| 罗克韦尔自动化公司（纽交所:ROK） | 277.22 | -5.71% |
| Becton Dickinson & Co 6% dep shs rep 1/20 man conv pref ser b（纽交所:BDX） | 227.16 | -5.38% |
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Wall Street bull illustration created using artificial intelligence via MidJourney.
通过MidJourney，利用人工智能创作的华尔街公牛插图。
