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.
在八月份的就业报告表明经济弹性，平息了此前七月和本周稍早前薪资数据疲弱引发的衰退担忧后，华尔街终于松了口气。
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.
八月份，美国经济新增142,000个非农就业岗位，略高于上个月经过下调的89,000个，但低于预期的160,000个。
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.
失业率降至4.2%，符合预期，而工资增长表现强劲。平均小时工资增长0.4%，达到35.21美元，超过了0.3%的预测。从年度角度看，工资增长了3.8%，超过了七月的3.6%和3.7%的共识预期。
Market Reactions
市场反应
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.
初期市场反应中，美元下跌，交易员越来越倾向于美联储可能进行50个基点的降息，主要原因是就业数据不及预期。进一步深入报告发现，工资增长势头强劲，失业率下降，有助于减轻衰退担忧。
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.
纽约时间上午9点之前，对于美联储将快速利率下调50个基点的预期激增至59%，但后来回落至45%，根据芝加哥商品交易所的FedWatch工具显示。
- 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.
- 标普500指数：标普500指数由spdr标普500 etf trust (纽交所:spy) 跟踪，周五上午10点前下跌了0.19%。
- 科技股：景顺纳斯达克100 trust, series 1 (纳斯达克:qqq)，监控科技股的纳斯达克股票，下跌了0.95%。
- 半导体板块: ishares费城交易所半导体etf (纽交所:SOXX)下跌2.24%，由于Broadcom corp 8.00% mandatory convertible prf sr a (纳斯达克:AVGO)发布的财报导致股价下跌9.65%。
- 小盘股: ishares罗素2000指数etf (纽交所:IWM)上涨0.14%，得益于小型公司的表现。
- 美元指数: 景顺Db USD Index Bullish Fund etf (纽交所:UUP)上涨0.25%，逆转了早期的下跌。
- 国债收益率: 10年期国债收益率上升2个基点，达到3.75%。
- 黄金: spdr金etf (纽交所:GLD)下跌0.21%，因美元走强和风险情绪改善。
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Illustration created using artificial intelligence via Midjourney.
使用人工智能创建的插图，通过Midjourney。
