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?
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.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.
根據官方政府數據，在2023年4月至2024年3月期間，非農就業人數被修正減少818,000人，這意味着勞動力市場的強勁程度並非投資者最初所認爲的那樣。
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%.
紐約中午交易時，主要美國指數略微高於盤整區間，標普500指數和納斯達克100指數在週二結束連續八天上漲後，小幅上漲。藍籌股持平，而小市值股票上漲了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.
交易者們現在熱切期待着聯儲局公開市場委員會7月會議紀要對貨幣政策的進一步見解，該紀要定於下午2:00公佈。
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.
與此同時，投機者預計9月會有50個點子的減息，並將這種情況的概率定爲32.5%，以回應年度非農就業人數的下調。市場參與者完全定價今年年底會有100個點子（相當於一個百分點）的減息。
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，短期收益率下滑，政策敏感的2年期國債收益率下跌6個點子，降至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.
金價微跌0.3%，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1%，但仍未突破6萬美元關口。
Wednesday's Performance In Major US Indices, ETFs
主要美國指數，ETFs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%漲幅 |
| Russell 2000 | 2,152.99 | 0.6% |
| S&P 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:
SPDR標普500ETF信託（NYSE：SPY）下跌0.6％至524.01美元。
- 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%.
- 標普500ETF信託基金（紐交所:SPY）上漲0.2%，至559.67美元。
- 道瓊斯工業平均指數ETF Trust基金（紐交所:DIA）在408.62美元止步。
- 科技密集型納指100ETF Trust Series基金（納斯達克:QQQ）上漲0.2%，至481.13美元。
- ishares羅素2000指數etf（紐交所:IWM）上漲0.6%，至214.01美元。
- 公用事業精選行業指數etf-spdr（紐交所:XLU）和材料精選行業指數etf-spdr（紐交所:XLB）表現優異，均上漲0.9%。金融板塊精選行業指數etf-spdr（紐交所:XLF）表現較差，下跌0.4%。
Wednesday's Stock Movers
股市行情週三動態
- 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.
- Target Corp.（紐交所:TGT）因季度業績強勁而上漲超過12%。這家零售巨頭還見證了多位分析師上調股票目標價。
- 梅西百貨公司（紐交所：M）因下調財年營收預期而下跌13%。
- 其他主要公司的盈利反應如下：TJX公司（紐交所：TJX）上漲6.2%，模擬器件公司（納斯達克：ADI），戴卡姆工業公司（紐交所：DY）下跌8.5%，keysight technologies公司（紐交所：KEYS）上漲12%，托爾兄弟公司（紐交所：TOL）上漲5.9%，科蒂公司（紐交所：COTY）上漲6.1%。
- 福特汽車公司（紐交所：F）宣佈停產一款全電動三排座SUV後上漲1.4%。
- Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed's Interest Rate Shift
- 新興市場債券上漲至兩年多來的高點，受美元疲軟、聯儲局利率調整推動。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。