Wall Street Aims For Fifth Straight Gain, Small Caps Soar As 2-Year Yields Hit 2-Year Lows, Adobe Sinks: What's Driving Markets Friday?
Wall Street Aims For Fifth Straight Gain, Small Caps Soar As 2-Year Yields Hit 2-Year Lows, Adobe Sinks: What's Driving Markets Friday?
A large overnight bet by a trader on a 50-basis-point Fed rate cut sent the 2-year Treasury yield down by 7 basis points to 3.58%. This puts it on track to close at its lowest level since September 12, 2022. Wall Street is experiencing a risk-on session Friday, with all sectors of the S&P 500 index trading in the green as traders are energized by the now-imminent Federal Reserve rate cut, expected in less than a week.
週五，華爾街正在經歷風險交易時段，標準普爾500指數的所有板塊均呈上漲態勢，原因是交易者受到聯儲局即將到來的減息的刺激，預計將在不到一週的時間內減息。
Both the S&P 500 and Nasdaq 100 are on track for their fifth consecutive session of gains, pushing their weekly performances to 4% and 5.7%, respectively, and fully recouping last week's losses.
標普500指數和納斯達克100指數均有望連續第五個交易日上漲，將每週表現分別推高至4％和5.7％，並完全收復了上週的跌幅。
Friday saw small-cap stocks build significant momentum, once again outperforming their large-cap counterparts amid the euphoria over the anticipated Fed rate cuts.
週五，小盤股勢頭強勁，在人們對聯儲局預期的減息感到欣喜的情況下，表現再次優於大盤股。
A large overnight bet by a trader on a 50-basis-point Fed rate cut sent the 2-year Treasury yield down by 7 basis points to 3.58%. This puts it on track to close at its lowest level since September 12, 2022.
交易員隔夜押注聯儲局減息50個點子，這使2年期美國國債收益率下降了7個點子至3.58％。這使其有望收於2022年9月12日以來的最低水平。
Market-implied probabilities for a half-point cut surged to as high as 43%, according to CME FedWatch data.
芝加哥商品交易所聯邦觀察數據顯示，市場隱含的下調半個百分點的概率飆升至43％。
Gold, as tracked by the SPDR Gold Trust (NYSE:GLD), continues to extend its historic highs, rising by 1%. Meanwhile, silver has roared ahead with a 3.3% gain, bringing its weekly performance to a stunning 16%, marking its best week since April 2020.
根據SPDR黃金信託基金（紐約證券交易所代碼：GLD）的追蹤，黃金繼續延續歷史新高，上漲了1％。同時，白銀以3.3％的漲幅飆升，使其每週表現達到驚人的16％，這是自2020年4月以來最好的一週。
The rally in precious metals has been a boon for miners. The VanEck Gold Miners ETF (NYSE:GDX) has extended its weekly gains beyond 10%, its best performance since March 2023.
貴金屬的上漲爲礦商帶來了福音。VanEck Gold Miners ETF（紐約證券交易所代碼：GDX）已將其每週漲幅擴大至10％以上，這是自2023年3月以來的最佳表現。
Oil prices are cooling off, slipping by 0.4% after Thursday's sharp rally. In the cryptocurrency market, Bitcoin gained 2.2%, climbing to $59,400 and is on track to close at its highest level since late August.
油價正在降溫，在週四大幅上漲後下跌了0.4％。在加密貨幣市場上，比特幣上漲2.2％，攀升至59,400美元，並有望收於8月下旬以來的最高水平。
Friday's Performance In Major US Indices, ETFs
週五美國主要指數、ETF的表現
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,182.68 | 2.4% |
| Dow Jones | 41,355.75 | 0.6% |
| S&P 500 | 5,620.96 | 0.5% |
| Nasdaq 100 | 19,484.48 | 0.3% |
| 主要指數 | 價格 | 1 天 %chg |
| 羅素 2000 | 2,182.68 | 2.4% |
| 道瓊斯 | 41,355.75 | 0.6% |
| 標準普爾 500 | 5,620.96 | 0.5% |
| 納斯達克 100 | 19,484.48 | 0.3% |
According to Benzinga Pro data:
根據 Benzinga Pro 的數據：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.4% higher to $561.37.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) rose 0.7% to $414.78.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) inched 0.2% higher to $474.18.
- The iShares Russell 2000 ETF (NYSE:IWM) rallied 2.4% to $216.84.
- Both the Utilities Select Sector SPDR Fund (NYSE:XLU) and the Materials Select Sector SPDR Fund (NYSE:XLB) outperformed, up 1.2%. The Technology Select Sector SPDR Fund (NYSE:XLRE) showed the smallest gains, up 0.3%.
- SPDR標準普爾500指數ETF信託（紐約證券交易所代碼：SPY）上漲0.4％，至561.37美元。
- SPDR道瓊斯工業平均指數（紐約證券交易所代碼：DIA）上漲0.7％，至414.78美元。
- 以科技股爲主的景順QQ信託系列（納斯達克股票代碼：QQQ）小幅上漲0.2％，至474.18美元。
- iShares Russell 2000 ETF（紐約證券交易所代碼：IWM）上漲2.4％，至216.84美元。
- 公用事業精選板塊SPDR基金（紐約證券交易所代碼：XLU）和材料精選板塊SPDR基金（紐約證券交易所代碼：XLB）均跑贏大盤，上漲1.2％。科技精選板塊SPDR基金（紐約證券交易所代碼：XLRE）的漲幅最小，上漲0.3％。
Friday's Stock Movers
週五的股票走勢
- Adobe Inc. (NASDAQ:ADBE) fell over 9%, despite reporting better-than-expected results last quarter, as revenue guidance missed forecasts.
- Boeing Inc. (NYSE:BA) dropped 3.8% after 33,000 union workers launched a strike on Friday, rejecting the company's proposed four-year contract amid ongoing challenges at the aircraft manufacturer.
- United Airlines Holdings, Inc. (NASDAQ:UAL) gained nearly 2% after announcing an agreement with SpaceX to equip its fleet with Starlink's high-speed Wi-Fi service.
- Warner Bros Discovery Inc. (NASDAQ:WBD) rose over 9%, on track for the strongest 2-day rally since 2008, after announcing a multi-year partnership with Charter Communications Inc. (NYSE:CHTR).
- Garmin Ltd. (NYSE:GRMN) dropped more than 6% after Barclays downgraded the stock from 'Equal-Weight' to 'Underweight' and slashed the price target from $181 to $133 per share.
- Adobe Inc.（納斯達克股票代碼：ADBE）儘管上個季度公佈的業績好於預期，但仍下跌了9％以上，原因是收入指引未達到預期。
- 波音公司（紐約證券交易所代碼：BA）下跌3.8％，此前有33,000名工會工作人員於週五發起罷工，由於飛機制造商面臨持續挑戰，他們拒絕了該公司提議的四年合同。
- 聯合航空控股公司（納斯達克股票代碼：UAL）宣佈與SpaceX達成協議，爲其機隊配備Starlink的高速Wi-Fi服務後，上漲了近2％。
- 華納兄弟探索公司（納斯達克股票代碼：WBD）宣佈與Charter Communications Inc.（紐約證券交易所代碼：CHTR）建立多年合作伙伴關係後，上漲了9％以上，有望創下自2008年以來最強勁的2天漲幅。
- Garmin Ltd.（紐約證券交易所代碼：GRMN）下跌了6％以上，此前巴克萊將該股的評級從 「等權重」 下調至 「減持」，並將目標股價從每股181美元下調至133美元。
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