S&P 500 Rises, Small Caps Outperform As July Consumer Price Index Fuels Fed Rate Cut Hopes: 5 ETFs to Watch Wednesday
S&P 500 Rises, Small Caps Outperform As July Consumer Price Index Fuels Fed Rate Cut Hopes: 5 ETFs to Watch Wednesday
The July Consumer Price Inflation report made another step toward the Federal Reserve's 2% target, though less pronounced than June's, sustaining optimism for imminent interest rate cuts.
7月份的消費者物價通脹報告朝着聯儲局2％的目標又邁出了一步，儘管沒有6月份那麼明顯，這使人們對即將減息保持樂觀情緒。
Last month, a basket of goods and services purchased by U.S. consumers rose by 2.9% year-over-year, slightly below the previous and expected 3%, marking the fourth consecutive decline in annual inflation and the lowest rate since March 2021.
上個月，美國消費者購買的一攬子商品和服務同比增長2.9％，略低於之前和預期的3％，這是年度通貨膨脹率連續第四次下降，也是自2021年3月以來的最低水平。
The annual core inflation rate also eased as anticipated, from 3.3% to 3.2%, the lowest since April 2021.
年度核心通貨膨脹率也如預期的那樣從3.3％降至3.2％，爲2021年4月以來的最低水平。
However, the July report was marred by an increase in the shelter component, which, due to its significant weight in the basket, accounted for about 90% of the headline inflation rise.
但是，7月份的報告因住房部分的增加而受到損害，由於住房部分在籃子中的重要性，約佔總體通貨膨脹增長的90％。
The decline in annual inflation rates wasn't sufficient to bolster expectations for a 50-basis-point rate cut in September.
年通貨膨脹率的下降不足以提振人們對9月份減息50個點子的預期。
Market-implied probabilities for such a substantial cut dropped from 50% to 43% following the report, while the likelihood of a smaller 25-basis-point cut increased to 57%.
報告發布後，市場隱含的如此大幅下調的概率從50％下降到43％，而較小幅度下調25個點子的可能性增加到57％。
Market Reactions: Stocks Rise, Yields Steady, But Dollar Strengthens Against Yen
市場反應：股市上漲，收益率穩定，但美元兌日元走強
The July inflation data sparked a positive reaction in stocks, especially in the tech sector, with small caps outperforming their larger-cap counterparts. Treasury yields remained largely stable, while the U.S. dollar gained ground against the low-yielding Japanese yen.
7月份的通脹數據引發了股市的積極反應，尤其是科技板塊，小盤股的表現優於大盤股。美國國債收益率基本保持穩定，而美元兌低收益日元上漲。
Here are the premarket price reactions of the following exchange-traded funds (ETFs) to the inflation data:
以下是以下交易所交易基金（ETF）對通貨膨脹數據的盤前價格反應：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.2% at 09:10 a.m. in New York. Major premarket gainers were Kellanova (NYSE:K) and Cardinal Health Inc. (NYSE:CAH), up 7.2% and 5.5% respectively.
- The tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) rose 0.3%. Top gainers were Arm Holdings plc (NASDAQ:ARM) and Micron Technology Inc. (NASDAQ:MU) up 3.1% and 3%, respectively.
- Semiconductors were the strongest-performing industry, with the VanEck Semiconductor ETF (NYSE:SMH) up 0.9%. Micron Technology Inc. and ASML Holding N.V. (NASDAQ:ASML) led gains, with the latter up 2.1%.
- The iShares Russell 2000 ETF (NYSE:IWM) rallied 0.5%, with Victoria's Secret & Co. (NYSE:VSCO) and AnaptysBio, Inc. (NASDAQ:ANAB) making the larger gains in the premarket, up 16% and 13%, respectively.
- The Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY) fell 0.2%.
- 紐約上午9點10分，SPDR標準普爾500指數ETF信託（紐約證券交易所代碼：SPY）上漲0.2％。盤前的主要漲幅是凱拉諾瓦（紐約證券交易所代碼：K）和Cardinal Health Inc.（紐約證券交易所代碼：CAH），分別上漲7.2％和5.5％。
- 以科技股爲主的景順QQ信託（納斯達克股票代碼：QQQ）上漲0.3％。漲幅最大的是Arm Holdings plc（納斯達克股票代碼：ARM）和美光科技公司（納斯達克股票代碼：MU），分別上漲3.1％和3％。
- 半導體是表現最強的行業，VanEck半導體ETF（紐約證券交易所代碼：SMH）上漲0.9％。美光科技公司和ASML Holding N.V.（納斯達克股票代碼：ASML）領漲，後者上漲2.1％。
- iShares Russell 2000 ETF（紐約證券交易所代碼：IWM）上漲了0.5％，維多利亞的祕密公司上漲了0.5％。紐約證券交易所代碼：VSCO）和AnaptysBio, Inc.（納斯達克股票代碼：ANAB）在盤前漲幅更大，分別上漲16％和13％。
- 景順CurrencyShares日元信託基金（紐約證券交易所代碼：FXY）下跌0.2％。
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