Stocks Trim Gains On Slower Jobs Growth, Dollar Falls Ahead Of Fed Minutes; Target Rallies, Macy's Tumbles: What's Driving Markets Wednesday?
Stocks Trim Gains On Slower Jobs Growth, Dollar Falls Ahead Of Fed Minutes; Target Rallies, Macy's Tumbles: What's Driving Markets Wednesday?
Wall Street trimmed early session gains on Wednesday after official government data downwardly revised nonfarm payrolls by 818,000 from previous estimates between April 2023 and March 2024. This adjustment suggests that the labor market's strength was not as robust as investors had initially believed.
根據官方政府數據，華爾街在週三初期的漲幅有所收窄，非農就業人數由此前估計的2023年4月至2024年3月的818,000人下調。這一修正表明勞動力市場的實力並不像投資者最初認爲的那樣強勁。
By midday trading in New York, major U.S. indices hovered slightly above the flatline, with both the S&P 500 and the Nasdaq 100 adding mild gains after snapping an eight-day winning streak on Tuesday. Blue-chip stocks were flat, while small-cap stocks managed to rise by 0.6%.
紐約午盤交易時，美國主要指數僅稍微上漲，標普500指數和納斯達克100指數在週二打破了八連漲的走勢後，略微上漲。藍籌股持平，而小盤股收益率升至0.6%。
Traders are now eagerly awaiting further insights on monetary policy from the minutes of the Federal Reserve Open Market Committee's July meeting, scheduled for release at 2:00 p.m. ET.
交易員們現在迫切期待聯邦儲備委員會7月份會議紀要對貨幣政策的進一步見解，此紀要將於下午2:00公佈。
Meanwhile, speculators have increased their expectations of a 50-basis-point rate cut in September, assigning a 32.5% probability to this scenario in response to the downward revisions of the annual nonfarm payrolls. Market participants are fully pricing in 100 basis points, equivalent to a full percentage point, in cuts by the end of the year.
與此同時，由於年度非農就業人數的下調，投機者已經增加了對9月份減息50個點子的預期，將此情景的概率定爲32.5%。市場參與者對今年年底減息100個點子，相當於一個完整的百分點的概率已經完全定價。
The U.S. dollar is experiencing its fourth consecutive session of losses, while Treasury yields are dropping on the shorter end of the curve, with the policy-sensitive 2-year note seeing yields tumble by 6 basis points to 3.92%.
美元連續第四個交易日下跌，而國債收益率在短期曲線上下跌，政策敏感的2年期國債收益率下跌6個點子，至3.92%。
Gold is down slightly, off by 0.3%, while oil prices are down 1.2%, with West Texas Intermediate crude projected to close at its lowest levels since early February 2024.
黃金稍微下跌0.3%，原油價格下跌1.2%，西德克薩斯中質原油預計將以2024年2月初以來的最低水平收盤。
Bitcoin (CRYPTO: BTC) gained 1% but remains below the $60,000 mark.
比特幣（CRYPTO: BTC）上漲了1%，但仍未達到60000美元的水平。
Wednesday's Performance In Major US Indices, ETFs
主要美國指數，ETFs的表現
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,152.99 | 0.6% |
| S&P 500 | 5,606.52 | 0.2% |
| Nasdaq 100 | 19,747.92 | 0.1% |
| Dow Jones | 40,818.92 | 0.0% |
| 主要指數 | 價格 | 1天%漲幅 |
| Russell 2000 | 2,152.99 | 0.6% |
| S&P 500 | 5,606.52 | 0.2% |
| 納斯達克100 | 19,747.92 | 0.1% |
| 道瓊斯 | 40,818.92 | 0.0% |
According to Benzinga Pro data:
SPDR標普500ETF信託（NYSE：SPY）下跌0.6％至524.01美元。
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.2% higher to $559.67.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) stalled at $408.62.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) edged 0.2% higher to $481.13.
- The iShares Russell 2000 ETF (NYSE:IWM) rose 0.6% to $214.01.
- The Utilities Select Sector SPDR Fund (NYSE:XLU) and The Materials Select Sector SPDR Fund (NYSE:XLB) outperformed, both up by 0.9%. The Financials Select Sector SPDR Fund (NYSE:XLF) lagged, down by 0.4%.
- SPDR標普500 ETF信託（紐交所：SPY）上漲0.2%，至559.67美元。
- SPDR道瓊斯工業平均指數信託（紐交所：DIA）停在408.62美元。
- 以技術股爲主的納指100etf-invesco qqq trust系列（納斯達克：QQQ）上漲0.2%，至481.13美元。
- ishares羅素2000指數etf（紐交所：IWM）上漲0.6%，至214.01美元。
- 公用事業精選行業指數etf-spdr（紐交所：XLU）和材料精選行業指數etf-spdr（紐交所：XLB）表現良好，均上漲0.9%。金融精選行業指數etf-spdr（紐交所：XLF）表現不佳，下跌0.4%。
Wednesday's Stock Movers
股市行情週三動態
- Target Corp. (NYSE:TGT) rallied over 12% on stronger-than-expected quarterly results. The retail giant also witnessed several analysts raising their price target on the stock.
- Macy's Inc. (NYSE:M) plummeted 13% after reducing revenue guidance for the fiscal year.
- Other major companies reacting to earnings were TJX Companies Inc. (NYSE:TJX) up 6.2%, Analog Devices Inc. (NASDAQ:ADI), Dycom Industries Inc. (NYSE:DY), down 8.5%, Keysight Technologies Inc. (NYSE:KEYS), up 12%, Toll Brothers Inc. (NYSE:TOL), up 5.9% and Coty Inc. (NYSE:COTY), up 6.1%.
- Ford Motor Co. (NYSE:F) rose 1.4% after announcing to halt production of an all-electric three-row SUV.
- Target Corp.（紐交所：TGT）因季度業績超預期而上漲超過12%。這家零售巨頭還見證了幾家分析師對該股票的目標價提高。
- Macy's Inc.（紐交所：M）股價暴跌13%，原因是降低了本財年的營業收入預期。
- 其他一些主要公司對盈利反應如下：TJX Companies Inc.（紐交所：TJX）上漲6.2%，Analog Devices Inc.（納斯達克：ADI），Dycom Industries Inc.（紐交所：DY）下跌8.5%，Keysight Technologies Inc.（紐交所：KEYS）上漲12%，Toll Brothers Inc.（紐交所：TOL）上漲5.9%，科蒂公司（紐交所：COTY）上漲6.1%。
- 福特汽車公司（紐交所：F）宣佈停產一款全電動三排座SUV後上漲了1.4%。
- Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed's Interest Rate Shift
- 新興市場債券因美元走弱和聯儲局利率調整而攀升至兩年多高位。
Photo: Shutterstock
Photo: shutterstock