Wall Street Sighs In Relief As August Jobs Numbers Ease Recession Fears: Small Caps Outperform, Dollar Trims Weekly Losses
Wall Street Sighs In Relief As August Jobs Numbers Ease Recession Fears: Small Caps Outperform, Dollar Trims Weekly Losses
Initial market reactions saw the dollar swing lower and traders increasingly bet on a potential 50-basis-point rate cut from the Federal Reserve, driven by the headline payrolls miss. A deeper dive into the report — which revealed stronger wage growth and a dip in unemployment — helped ease recession concerns.Wall Street breathed a sigh of relief Friday after the August jobs report signaled economic resilience, calming recession fears that had escalated following weak labor data in July and earlier this week.
週五，華爾街鬆了一口氣，此前8月的就業報告顯示出經濟彈性，平息了7月和本週早些時候勞動力數據疲軟後升級的衰退擔憂。
The U.S. economy added 142,000 nonfarm payrolls in August, up from the previous month's downwardly revised 89,000 but falling short of the expected 160,000.
美國經濟在8月份增加了14.2萬個非農就業人數，高於上個月向下修正的8.9萬個，但未達到預期的16萬個。
The unemployment rate dropped to 4.2%, meeting expectations, while wage growth showed strength. Average hourly earnings advanced by 0.4% to $35.21, surpassing the 0.3% forecast. On a year-over-year basis, wages rose 3.8%, beating July's 3.6% and the 3.7% consensus estimate.
失業率降至4.2％，符合預期，而工資增長則表現強勁。平均小時收入增長了0.4％，至35.21美元，超過了0.3％的預期。工資同比增長3.8％，超過7月份的3.6％和3.7％的普遍預期。
Market Reactions
市場反應
Initial market reactions saw the dollar swing lower and traders increasingly bet on a potential 50-basis-point rate cut from the Federal Reserve, driven by the headline payrolls miss. A deeper dive into the report — which revealed stronger wage growth and a dip in unemployment — helped ease recession concerns.
最初的市場反應是美元走低，交易者越來越多地押注聯儲局可能在總體就業人數下降的推動下調50個點子。對該報告的深入研究有助於緩解經濟衰退的擔憂，該報告顯示工資增長更強勁，失業率有所下降。
Expectations for a 50-basis-point rate cut surged to 59% by 9 a.m. in New York before retreating to 45%, as per CME Group's FedWatch tool.
芝加哥商品交易所集團的FedWatch工具顯示，截至上午9點，紐約減息50個點子的預期飆升至59％，然後回落至45％。
- S&P 500: The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), was down 0.19% shortly before 10 a.m. Friday.
- Tech Stocks: The Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), which monitors tech-heavy Nasdaq stocks, is down 0.95%.
- Semiconductors: The iShares Semiconductor ETF (NYSE:SOXX) is down 2.24%, pressured by a 9.65% slump in Broadcom Inc. (NASDAQ:AVGO) following its earnings report.
- Small Caps: The iShares Russell 2000 ETF (NYSE:IWM) gained 0.14%, buoyed by strength in smaller companies.
- Dollar Index: The Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) rose 0.25%, reversing early losses.
- Treasury Yields: Yields on 10-year Treasury notes edged up by 2 basis points to 3.75%.
- Gold: The SPDR Gold Trust (NYSE:GLD) fell 0.21%, as the dollar firmed and risk sentiment improved.
- 標準普爾500指數：由SPDR標準普爾500指數ETF信託基金（紐約證券交易所代碼：SPY）追蹤的標準普爾500指數在週五上午10點前不久下跌0.19％。
- 科技股：監控以科技股爲主的納斯達克股票的景順QQ信託基金1系列（納斯達克股票代碼：QQQ）下跌0.95％。
- 半導體：受博通公司（納斯達克股票代碼：AVGO）發佈業績後下跌9.65％的壓力，iShares半導體ETF（紐約證券交易所代碼：SOXX）下跌2.24％。
- 小型股：受小型公司強勁的推動，iShares Russell 2000 ETF（紐約證券交易所代碼：IWM）上漲0.14％。
- 美元指數：景順Db美元指數看漲基金ETF（紐約證券交易所代碼：UUP）上漲0.25％，扭轉了早盤的跌勢。
- 美國國債收益率：10年期美國國債收益率小幅上漲2個點子至3.75％。
- 黃金：由於美元走強和風險情緒改善，SPDR黃金信託基金（紐約證券交易所代碼：GLD）下跌0.21％。
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Illustration created using artificial intelligence via Midjourney.
通過 Midjourney 使用人工智能創作的插圖。
