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.
華爾街週三縮減了早盤漲幅,此前政府官方數據將2023年4月至2024年3月期間的非農就業人數從先前的估計下調了81.8萬人。這一調整表明,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%.
截至紐約午盤交易,美國主要股指徘徊在持平線上方,標普500指數和納斯達克100指數在週二連續八天上漲後均小幅上漲。藍籌股持平,而小盤股成功上漲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.
交易者現在熱切地等待定於美國東部時間下午 2:00 發佈的聯儲局公開市場委員會7月會議紀要中對貨幣政策的進一步見解。
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.
同時,投機者提高了對9月份減息50個點子的預期,認爲這種情況的概率爲32.5%,以應對年度非農就業人數的向下修正。到年底,市場參與者將按100個點子(相當於整整一個百分點)的降幅進行全面定價。
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,而美國國債收益率則在曲線的短端下降,對政策敏感的2年期國債收益率下降了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.
黃金小幅下跌0.3%,而油價下跌1.2%,西德克薩斯中質原油預計將收於2024年2月初以來的最低水平。
Bitcoin (CRYPTO: BTC) gained 1% but remains below the $60,000 mark.
比特幣(加密貨幣:BTC)上漲了1%,但仍低於6萬美元大關。
Wednesday's Performance In Major US Indices, ETFs
週三美國主要指數、ETF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 %chg |
羅素 2000 | 2,152.99 | 0.6% |
標準普爾 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:
根據 Benzinga Pro 的數據:
- 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標準普爾500指數ETF信託(紐約證券交易所代碼:SPY)上漲0.2%,至559.67美元。
- SPDR道瓊斯工業平均指數(紐約證券交易所代碼:DIA)停滯在408.62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481.13美元。
- iShares Russell 2000 ETF(紐約證券交易所代碼:IWM)上漲0.6%,至214.01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)表現跑贏大盤,均上漲0.9%。金融精選板塊SPDR基金(紐約證券交易所代碼:XLF)落後,下跌0.4%。
Wednesday's Stock Movers
週三的股票走勢
- 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.
- 由於季度業績強於預期,塔吉特公司(紐約證券交易所代碼:TGT)上漲了12%以上。這家零售巨頭還目睹了幾位分析師提高了該股的目標股價。
- 梅西百貨公司(紐約證券交易所代碼:M)在下調了本財年的收入預期後暴跌了13%。
- 其他對收益做出反應的主要公司包括TJX公司(紐約證券交易所代碼:TJX)上漲6.2%,模擬設備公司(納斯達克股票代碼:ADI),戴康工業公司(紐約證券交易所代碼:DY)下跌8.5%,是德科技公司(紐約證券交易所代碼:KEYS)上漲12%,Toll Brothers Inc.(紐約證券交易所代碼:TOL)上漲5.9%,科蒂公司(紐約證券交易所代碼:COTY)上漲6.9% 1%。
- 福特汽車公司紐約證券交易所代碼:F)在宣佈停止生產全電動三排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
- 受美元疲軟和聯儲局利率變動的推動,新興市場債券攀升至逾2年高點
Photo: Shutterstock
照片:Shutterstock