S&P 500 Rises, Small Caps Outperform As July Consumer Price Index Fuels Fed Rate Cut Hopes: 5 ETFs to Watch Wednesday
S&P 500 Rises, Small Caps Outperform As July Consumer Price Index Fuels Fed Rate Cut Hopes: 5 ETFs to Watch Wednesday
The July Consumer Price Inflation report made another step toward the Federal Reserve's 2% target, though less pronounced than June's, sustaining optimism for imminent interest rate cuts.
7月份消費者價格通脹報告邁向聯儲局2%目標的一步，儘管不如6月明顯，仍然保持着即將出現減息的樂觀態度。
Last month, a basket of goods and services purchased by U.S. consumers rose by 2.9% year-over-year, slightly below the previous and expected 3%, marking the fourth consecutive decline in annual inflation and the lowest rate since March 2021.
上個月，美國消費者購買的一籃子商品和服務的價格同比上漲2.9%，略低於之前的預期3%，這是年度通脹連續第四個季度的下降，也是自2021年3月以來的最低速度。
The annual core inflation rate also eased as anticipated, from 3.3% to 3.2%, the lowest since April 2021.
同樣預期中，年度核心通脹率也從3.3%下降至3.2%，是2021年4月以來的最低水平。
However, the July report was marred by an increase in the shelter component, which, due to its significant weight in the basket, accounted for about 90% of the headline inflation rise.
然而，7月份報告中的住房組成部分出現增長，由於其在籃子中佔據的重要性較高，佔了約90%的總體通脹上漲。
The decline in annual inflation rates wasn't sufficient to bolster expectations for a 50-basis-point rate cut in September.
年度通脹下降並不足以提高人們對於9月份50個點子減息的預期。
Market-implied probabilities for such a substantial cut dropped from 50% to 43% following the report, while the likelihood of a smaller 25-basis-point cut increased to 57%.
市場對於如此大的減息概率從50%降至43% 反之，市場更傾向於有一個較小的25個點子的減息，概率增至57%。
Market Reactions: Stocks Rise, Yields Steady, But Dollar Strengthens Against Yen
市場反應：股票上升，收益率穩定，但美元兌日元升值。
The July inflation data sparked a positive reaction in stocks, especially in the tech sector, with small caps outperforming their larger-cap counterparts. Treasury yields remained largely stable, while the U.S. dollar gained ground against the low-yielding Japanese yen.
7月通脹數據在股票市場上引發了積極的反應，尤其是在科技板塊，小市值股票表現優於大市值股票。國債收益率基本上保持穩定，而美元對低收益日元升值。
Here are the premarket price reactions of the following exchange-traded funds (ETFs) to the inflation data:
以下交易所交易基金（ETFs）的盤前價格反應如下：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.2% at 09:10 a.m. in New York. Major premarket gainers were Kellanova (NYSE:K) and Cardinal Health Inc. (NYSE:CAH), up 7.2% and 5.5% respectively.
- The tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) rose 0.3%. Top gainers were Arm Holdings plc (NASDAQ:ARM) and Micron Technology Inc. (NASDAQ:MU) up 3.1% and 3%, respectively.
- Semiconductors were the strongest-performing industry, with the VanEck Semiconductor ETF (NYSE:SMH) up 0.9%. Micron Technology Inc. and ASML Holding N.V. (NASDAQ:ASML) led gains, with the latter up 2.1%.
- The iShares Russell 2000 ETF (NYSE:IWM) rallied 0.5%, with Victoria's Secret & Co. (NYSE:VSCO) and AnaptysBio, Inc. (NASDAQ:ANAB) making the larger gains in the premarket, up 16% and 13%, respectively.
- The Invesco CurrencyShares Japanese Yen Trust (NYSE:FXY) fell 0.2%.
- 標普500 ETF信託基金（NYSE:SPY）於紐約時間上午09:10上漲0.2%。主要的盤前漲幅股包括宜家家居（NYSE:K）和基茨公司（NYSE:CAH）分別上漲7.2%和5.5%。
- 以科技股爲主的納指100 etf-景順qqq信託基金（NASDAQ:QQQ）上漲0.3%。漲幅榜前列的股票包括Arm Holdings plc（NASDAQ:ARM）和美光科技股份有限公司（NASDAQ:MU），分別上漲3.1%和3%。
- 半導體板塊表現最強，其中VanEck半導體指數etf（NYSE:SMH）上漲0.9%。美光科技股份有限公司和阿斯麥（ASML Holding N.V.）領漲，後者上漲2.1%。
- iShares羅素2000指數etf（NYSE:IWM）上漲0.5%，Victoria's Secret & Co.（紐交所：VSCO）和AnaptysBio，Inc.（NASDAQ:ANAB）在盤前走得更好，分別上漲16%和13%。
- 景順匯通日元etf-trust（NYSE:FXY）下跌了0.2%。
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圖像由Midjourney通過人工智能創建。
譯文內容由第三人軟體翻譯。