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.
華爾街經歷了自年初以來最糟糕的交易日之一，由於股市受到高於預期的通脹報告的影響，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月份消費者價格指數（CPI）年增長率爲3.1％，低於12月的3.4％，但超過了預期的2.9％。不包括能源和食品價格的核心通貨膨脹率出人意料地穩定在3.9％，未能達到預期的3.7％的降幅。月度波動也超出了預期，導致利率預測波動。
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.
交易者迅速調整了頭寸，降低了對2024年降息的預期。3月份現在已經完全不在話下，可能在6月份之前首次削減76％，到7月份幾乎全部定價。2024年的預期降息次數已從幾周前的近六次減少到四次。
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.
美國國債收益率全面飆升，2年期國債收益率上升15個點子至4.60％，10年期國債收益率上升10個點子至4.29％。廣受關注的iShares 20年期以上國債ETF（納斯達克股票代碼：TLT）暴跌1.3％，觸及2023年12月初的低點。
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%.
從本質上講，除美元以外的所有主要資產在週二均出現下跌。波動率再次飆升，芝加哥期權交易所波動率指數（VIX）上漲了8％。小盤股受到的打擊最大，iShares Russell 2000 ETF（紐約證券交易所代碼：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.
比特幣（加密貨幣：BTC）隔夜跌至50,300美元后下跌了1.5％，而SPDR黃金信託基金（紐約證券交易所代碼：GLD）追蹤的黃金兩個月來首次跌破每盎司2,000美元。
Tuesday's Performance In Major Indices, ETFs
週二主要指數、ETF的表現
| 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% |
| 主要指數和交易所買賣基金 | 價格 | % |
| 標準普爾 500 | 4,953.69 | -1.4% |
| 道瓊斯 | 38,218.67 | -1.5% |
| 納斯達克 100 | 17,611.80 | -1.5% |
| 羅素 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.
根據Benzinga Pro的數據，SPDR標準普爾500指數ETF信託（紐約證券交易所代碼：SPY）下跌1.4％，至493.76美元；SPDR道瓊斯工業平均指數（紐約證券交易所代碼：DIA）下跌1.5％，至382.25美元；以科技股爲主的景順QQ信託（納斯達克股票代碼：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%.
週二，構成標準普爾500指數的11個板塊均未上漲。房地產SPDR精選板塊基金（紐約證券交易所代碼：XLRE）跌幅最大，跌幅2.7％，緊隨其後的是公用事業SPDR精選行業基金（紐約證券交易所代碼：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.
行業方面，由VanEck Gold Miners ETF（紐約證券交易所代碼：GDX）追蹤的黃金礦商和通過景順太陽能ETF（紐約證券交易所代碼：TAN）監管的太陽能股票表現不佳，分別下跌了5.5％和5％。
Tuesday's Stock Movers
週二的股票走勢
- 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（納斯達克股票代碼：BIIB）下跌7.5％，此前該公司上個季度的收益和收入均未達到預期。
- 由於土耳其一座礦山暫停運營，SSR礦業公司（納斯達克股票代碼：SSRM）下跌了60％，這是羅素1000指數股票中表現最差的股票。
- 其他對收益做出反應的公司包括廢物管理公司（紐約證券交易所代碼：WM）、可口可樂公司（紐約證券交易所代碼：KO）下跌1.7％、穆迪公司（紐約證券交易所代碼：MCO）下跌7.6％、萬豪國際（納斯達克股票代碼：MAR）下跌6.3％、佐提斯公司（紐約證券交易所代碼：ZTS）下跌6％、Ecolab Inc.（紐約證券交易所代碼：ECL）上漲8.3％ 8％，Datadog Inc.（納斯達克股票代碼：DDOG），下跌4.3％。
- 收盤後公佈報告的公司包括愛彼迎公司（納斯達克股票代碼：ABNB）、美國國際集團公司（紐約證券交易所代碼：AIG）、Welltower Inc.（紐約證券交易所代碼：WELL）。
Read now: Economists Sound Alarm On Inflation's Stubborn Grip: 'No Chance Inflation Will Return To 2%' Without New Rate Hikes
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