S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy's resilience and easing concerns over an economic slowdown.
美國預市週五因超出預期的就業報告而出現了一輪上漲，展示了美國經濟的彈性，減輕了對經濟放緩的擔憂。
The strong labor data also led traders to rethink the Federal Reserve's aggressive rate cuts, resulting in a jump in the dollar and Treasury yields.
強勁的勞動力數據還導致交易員重新考慮聯儲局的激進減息舉措，導致美元和國債收益率大幅上漲。
What Happened: The U.S. economy added 254,000 jobs in September, far exceeding the expected 140,000. This marks an acceleration from August's 159,000 figure and well above the 12-month average of 230,000. Payrolls for both July and August were upwardly revised by 55,000 and 17,000, respectively.
事件經過：美國經濟在9月份增加了25.4萬個就業崗位，遠遠超過預期的14萬個。這表明相比8月份的15.9萬個數據，增速加快，遠超過230,000的12個月平均數。7月和8月的工資分別上調了5.5萬和1.7萬。
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.
私營部門就業增加了22.3萬個崗位，而政府增加了3.1萬個。失業率意外下降0.1個百分點至4.1%，超過預期的4.2%。
Wages grew by 0.4% in September, surpassing the expected 0.3%.
9月份工資增長了0.4%，超過預期的0.3%。
Why It Matters: The stronger-than-expected pace of job addition, coupled with a surprisingly lower unemployment rate and higher wage growth, signals a strong consumer spending outlook, which could lift corporate earnings, particularly as we head into the fourth quarter.
重要性：就業增長超出預期的速度，加上意外較低的失業率和工資增長，預示着消費者支出前景強勁，這可能提振企業收入，特別是我們進入第四季度時。
Yet the labor market's strength also complicates the Federal Reserve's efforts to curb inflation. Higher wages could stoke consumer demand, putting upward pressure on prices, potentially slowing disinflation efforts. This may lead the Fed to delay or scale back anticipated interest rate cuts.
然而，勞動力市場的強勁也使聯儲局控制通脹的努力變得複雜。較高的工資可能激發消費需求，給價格帶來上行壓力，可能減緩通貨緊縮的努力。這可能導致聯儲局推遲或縮減預期的減息舉措。
Before the jobs report, the market had priced in a 30% chance of a 50-basis-point rate cut in November, according to the CME FedWatch Tool. Following the data release, those odds plummeted to 11%.
在就業報告發布之前，市場已經定價了11月份50個點子利率降幅的30%機會，根據CME FedWatch Tool的數據。數據發佈後，這一機會降至11%。
Market Reactions:
市場反應:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) jumped 0.9% in premarket trading, edging closer to its recent record highs.
- The Invesco QQQ Trust (NASDAQ:QQQ), which tracks major tech stocks, rallied 1.4%, driven by strong gains in the semiconductor sector. The iShares Semiconductor ETF (NYSE:SOXX) surged 2.1%.
- Blue chips rose as well, with the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) up by 0.7%.
- Small caps outperformed large caps. The iShares Russell 2000 ETF (NYSE:IWM) rallied 1.7%.
- Yields on the 10-year Treasury bond soared by 11 basis points to 3.96%. Yields on the policy-sensitive two-year note spiked by 15 basis points to 3.87%.
- The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) tumbled 1.2%.
- The U.S. Dollar Index, which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), rose 0.7%.
- 紐交所：SPDR標普500ETF信託（NYSE:SPY）在盤前交易中飆升0.9%，逼近其近期紀錄高點。
- 納斯達克：納指100etf-invesco qqq trust（NASDAQ:QQQ）追蹤主要科技股，漲幅1.4%，半導體板塊強勁增長。ishares費城交易所半導體etf（NYSE:SOXX）飆升2.1%。
- 藍籌股也上漲，紐交所：道瓊斯工業平均指數etf（NYSE:DIA）漲0.7%。
- 中小盤股表現優於大盤股。ishares羅素2000指數etf（NYSE:IWM）漲1.7%。
- 十年期國債收益率大漲11個點子，達到3.96%。政策敏感的兩年期國債收益率激增15個點子，達到3.87%。
- 納斯達克：ishares美國國債20+年etf（NASDAQ:TLT）暴跌1.2%。
- 美元指數：紐交所：invesco db美元指數看漲基金etf（NYSE:UUP）上漲0.7%。
Top Gainers Post-Jobs Report:
漲幅榜-發佈就業報告後：
Using the Movers function on Benzinga Pro, here are the top performers among U.S. mega-cap stocks in the 30 minutes following the release of the September jobs data.
通過Benzinga Pro上的Movers功能，在9月就業數據發佈後的30分鐘內，以下是美國大型市值股票中表現最佳的股票。
| Company Name | Price | Change |
|---|---|---|
| KLA Corp. (NASDAQ:KLAC) | $799.25 | +3.18% |
| Mitsubishi UFJ Financial Group (NYSE:MUFG) | $10.18 | +3.18% |
| Applied Materials Inc. (NASDAQ:AMAT) | $205.53 | +2.10% |
| Lam Research Corp. (NASDAQ:LRCX) | $83.60 | +2.08% |
| Advanced Micro Devices Inc. (NASDAQ:AMD) | $166.90 | +1.92% |
| ARM Holdings plc (NASDAQ:ARM) | $142.44 | +1.91% |
| Shopify Inc. (NYSE:SHOP) | $80.02 | +1.67% |
| Broadcom Inc. (NASDAQ:AVGO) | $175.66 | +1.66% |
| Adobe Inc. (NASDAQ:ADBE) | $510.58 | +1.59% |
| Bank of America Corp. (NYSE:BAC) | $39.96 | +1.56% |
| Texas Instruments Inc. (NASDAQ:TXN) | $204.82 | +1.56% |
| 公司名稱 | 價格 | 變更 |
|---|---|---|
| 科磊公司（納斯達克：KLAC） | $799.25 | +3.18% |
| 三菱日聯金融集團(紐交所: MUFG) | $10.18 | +3.18% |
| 應用材料公司 (納斯達克:AMAT) | $205.53 | +2.10% |
| 朗姆研究公司(納斯達克: LRCX) | $83.60 | +2.08% |
| 美國超微公司（納斯達克：AMD） | $166.90 | +1.92% |
| ARm控股有限公司（NASDAQ：ARM） | $142.44 | +1.91% |
| Shopify Inc. (紐交所：SHOP) | $80.02 | +1.67% |
| broadcom corp 8.00% mandatory convertible prf sr a（納斯達克：AVGO） | $175.66 | +1.66% |
| Adobe股份有限公司（納斯達克股票代碼: ADBE） | $510.58 | +1.59% |
| 美國銀行公司（紐交所：BAC） | $39.96 | +1.56% |
| 德州儀器公司（納斯達克:TXN） | $204.82 | +1.56% |
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圖片來自shutterstock。
