Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
It's another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May.
这是股市又一个值得铭记的日子，道琼斯工业平均指数创下历史新高，突破40,000关口，打破5月份的前高。
Small caps continue their rally driven by strong bets on interest rate cuts, sustaining momentum after Thursday's extraordinary surge. The Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), has had its best week of the year, gaining over 6%.
由于加大对降息的押注，小盘股在周四异常强劲表现后继续上涨。根据iShares罗素2000指数ETF（NYSE:IWM）跟踪的罗素2000指数，本周涨幅超过6%，是一年中表现最好的一周。
Each of the eleven S&P 500 sectors showed a gain Friday, with the index of the 500 largest U.S. corporations rising 0.9%. For the S&P 500, this marks the tenth positive week out of the last twelve.
标普500指数的11个板块全都有所上涨，500家美国最大公司的指数上涨0.9%。对于标普500指数而言，过去12周中有10周为正周。
The Nasdaq 100 also showed a solid rebound, rising by 1% after a 2.2% selloff the previous day.
纳斯达克100指数也出现了坚挺反弹，前一日下跌2.2%后上涨1%。
On the macro front, producer inflation rose more than expected in June. However, this did not affect expectations for rate cuts, with traders firmly anticipating a cut in September, assigning it a near-certain probability.
宏观层面上，6月生产者物价指数较预期上升，但这不影响降息预期。交易员坚定预计将在9月份加息，几乎确定会实施。
The consumer sentiment index measured by the University of Michigan continues to show signs of weakness in July, though it also indicates a decrease in future inflation expectations.
密歇根大学消费者信心指数在7月仍然表现疲软，但也显示出未来通货膨胀预期下降的迹象。
Major banks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC) reported better-than-expected earnings, yet market reactions were negative, particularly for Wells Fargo amid a weakening outlook on net interest income.
摩根大通（NYSE:JPM）、花旗集团（NYSE:C）和富国银行（NYSE:WFC）等主要银行报告的业绩超出预期，但市场反应却是负面的，特别是富国银行因净利息收入前景疲软而受到打击。
Treasury yields were steady, with the 10-year yield hovering at 4.20%, on track for the lowest close since late March. The dollar weakened further, poised for its second consecutive week of declines.
国债收益率保持稳定，10年期收益率在4.20%左右徘徊，距离自三月下旬以来的最低收盘价不远。美元进一步走弱，预计将迎来连续第二个跌幅周。
In commodities markets, gold inched up 0.1%, battling for its fourth straight session of gains. Natural gas spiked 3%, while oil prices softened by 0.2%.
在商品市场上，黄金微涨0.1%，争取连续第四个交易日上涨。天然气上涨3%，油价微跌0.2%。
In the cryptocurrency market, Bitcoin (CRYPTO: BTC) rose by 1.3%, trading above $58,000.
在数字货币市场上，比特币（CRYPTO: BTC）上涨1.3%，交易价格超过58,000美元。
Friday's Performance In Major US Indices, ETFs
主要美国指数和ETFs的周五表现。
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,150.28 | 1.2% |
| Nasdaq 100 | 20,415.64 | 1.0% |
| S&P 500 | 5,633.65 | 0.9% |
| Dow Jones | 40,101.75 | 0.9% |
| 主要指数 | 价格 | 1天%涨幅 |
| Russell 2000 | 2,150.28 | 1.2% |
| 纳斯达克100 | 20,415.64 | 1.0% |
| S&P 500 | 5,633.65 | 0.9% |
| 道琼斯 | 40,101.75 | 0.9% |
According to Benzinga Pro data:
根据Benzinga Pro的数据：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.9% higher to $561.58.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) rose by 0.9% to $397.59.
- The tech-heavy Invesco QQQ Trust (ARCA: QQQ) rebounded 1% to $496.94.
- Sector-wise, the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) outperformed, up by 1.7%, while the Communication Services Select Sector SPDR Fund (NYSE:XLC) lagged, up 0.1%.
- 标普500指数ETF信托基金（NYSE:SPY）涨幅0.9%，至561.58美元。
- 道琼斯工业指数ETF（NYSE:DIA）上涨0.9%，至397.59美元。
- 技术型股票权重较高的纳指100ETF-Invesco QQQ Trust（ARCA:QQQ）反弹1%，收报496.94美元。
- 板块方面，非必需消费类ETF-SPDR（NYSE:XLY）表现强劲，上涨1.7%，而通讯服务行业精选指数ETF-SPDR（NYSE:XLC）表现疲软，上涨0.1%。
Friday's Stock Movers
周五的股票封板
- EV-related stocks rallied substantially amid strong expectations for Q2 deliveries. Shares of Lucid Group Inc. (NASDAQ:LCID), Rivian Automotive Inc. (NASDAQ:RIVN) and Tesla Inc. (NASDAQ:TSLA) rocketed 21%, 11% and 4% respectively.
- Bank of New York York Mellon Corp. (NYSE:BK) rose over 5%, in reaction to its earnings, eyeing the strongest session in two years.
- QuantumScape Corp. (NASDAQ:QS) rallied 18% after the company announced Thursday it entered into an agreement with Volkswagen's PowerCo to industrialize solid-state batteries
- Carvana Co. (NYSE:CVNA) rose over 8% to $140 after BTIG initiated coverage at Buy with $155 price target.
- 在强劲的Q2交付预期下，与电动汽车有关的股票大幅上涨。卢西德集团股份有限公司（NASDAQ:LCID）、Rivian Automotive Inc.（NASDAQ:RIVN）和特斯拉公司（NASDAQ:TSLA）的股票价格分别飙升了21%、11%和4%。
- 纽约银行梅隆公司（纽交所股票代码：BK）在其业绩公布后上涨了5％以上，预计将迎来两年来最好的交易日。
- 量子控股公司（纳斯达克股票代码：QS）周四宣布与大众汽车的PowerCo达成协议，以将固态电池产业化，股价上涨18％。
- Carvana公司（纽交所股票代码：CVNA）在BTIG发起覆盖并给出155美元的买入价格目标后上涨了8％以上，报价达到140美元。
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Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。