Wall Street Closes At Record Highs After Reassurance From Powell: Magnificent 7 Hit $17 Trillion, Treasury Yields Erase Post-Election Spike
Wall Street Closes At Record Highs After Reassurance From Powell: Magnificent 7 Hit $17 Trillion, Treasury Yields Erase Post-Election Spike
Notably, the combined market capitalization of the Magnificent Seven — The U.S. stock market closed at record highs Thursday after the Federal Reserve's widely expected decision to lower interest rates and Fed Chair Jerome Powell's press conference where he reassured markets by dismissing concerns about his potential resignation or removal following the election of Donald Trump.
美國股市週四創歷史新高，此前聯儲局決定降低利率並在鮑威爾主席的新聞發佈會上消除了市場對他潛在辭職或在特朗普當選後被解職的擔憂。
The S&P 500 — as tracked by SPDR S&P 500 ETF Trust (NYSE:SPY) — closed at 5,973 points, up 0.7% for the day.
標普500指數（由SPDR標普500 ETF信託（紐約證券交易所：SPY）跟蹤）收於5,973點，日內上漲0.7%。
Tech stocks outperformed the broader market, with the Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), surging 1.5% higher to an all-time high of 21,100 points.
科技股表現優於整體市場，納斯達克100指數（由納指100etf-invesco qqq信託（納斯達克：QQQ）跟蹤）上漲1.5%，刷新至21,100點的歷史新高。
Notably, the combined market capitalization of the Magnificent Seven — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. (NASDAQ:TSLA) — soared to over $17 trillion, setting a new peak.
值得注意的是，科技七巨頭的市值總額--微軟公司（紐約證券交易所：MSFT）、蘋果公司（納斯達克：AAPL）、英偉達公司（納斯達克：NVDA）、alphabet inc（納斯達克：GOOG）（納斯達克：GOOGL）、亞馬遜公司（納斯達克：AMZN）、meta platforms公司（納斯達克：META）和特斯拉公司（納斯達克：TSLA）--飆升至超過$17萬億，創下新高。
The Dow Jones stalled after Wednesday's 3.6% rise, while small caps eased 0.4% following a 5.8% jump the previous day.
道瓊斯指數在週三上漲3.6%後停滯，而小盤股在前一日上漲了5.8%後下跌了0.4%。
Top-performing sectors in the S&P 500 were technology, up 1.8%, followed by communications services and consumer discretionary, both up by 1.3%. Financials, which rallied the most Wednesday, lagged on Thursday, down 1.5%.
標普500指數中表現最佳的板塊是科技，漲幅1.8%，通信服務和消費板塊分別上漲1.3%。金融板塊在週三漲勢最大，而週四下跌了1.5%。
Fed Cuts Rates, Powell Dismisses Concerns Over His Future
聯儲局減息，鮑威爾對自己未來的擔憂不予理會。
The Federal Reserve cut interest rates by 0.25% to 4.5%-4.75% as expected, a reduction in the pace of easing after the larger 0.5% cut in September.
聯儲局將利率按預期降低0.25%，至4.5%-4.75%，這是繼9月份較大的0.5%減息後放緩的節奏。
The Fed recognized robust economic momentum, with the GDP rising by 2.8% in the second quarter, and resilient consumer confidence.
聯儲局認可經濟勢頭強勁，第二季度國內生產總值增長2.8%，消費者信心持久。
Powell downplayed weak October employment data, noting that near-zero job growth was largely due to temporary factors like strikes and hurricanes rather than underlying economic weakness.
鮑威爾淡化了十月份就業數據疲弱，指出接近零的就業增長主要是由於罷工和颶風等暫時因素，而非經濟本質上的弱點。
Powell described the rate cut as part of a "further recalibration" of monetary policy, which he emphasized remains "restrictive." He hinted at the possibility of more easing in the future but refrained from signaling a specific rate cut at the December meeting, stressing a data-dependent approach.
鮑威爾將減息描述爲貨幣政策的"進一步校準"的一部分，他強調貨幣政策仍處於"偏緊"狀態。他暗示未來可能有更多寬鬆政策，但在12月會議上沒有明確表示將減息，強調了基於數據的方法。
When asked if he would resign if requested by Trump, Powell responded firmly, "No," reiterating that the president does not have the legal authority to remove the Fed chair.
當被問及如果特朗普要求辭職，鮑威爾堅決回應:"不"，重申總統沒有法定權力撤換聯儲局主席。
Following Powell's comments, market-implied expectations for a 25-basis-point rate cut in December surged to 75%, recovering from Wednesday's post-election dip.
在鮑威爾的講話之後，市場預期12月份減息25個點子的概率激增至75%，從週三選舉後的下跌中恢復過來。
Treasury yields pulled back sharply, with the 10-year yield dropping 10 basis points to 4.33%, almost erasing the spike from the previous day.
美國國債收益率急劇回落，10年期國債收益率下降了10個點子至4.33%，幾乎抹去了前一天的飆升。
The U.S. dollar weakened 0.7%, while gold prices, as tracked by the SPDR Gold Trust (NYSE:GLD), rebounded 1.8% after Wednesday's 3% slump.
美元走弱了0.7%，而由SPDR金etf (NYSE:GLD)跟蹤的黃金價格在週三下跌3%之後反彈了1.8%。
Bitcoin (CRYPTO: BTC) traded up by 1% at 4:30 p.m. in New York, hitting a record-high of $76,990 during the session.
比特幣 (CRYPTO: BTC) 在紐約時間下午4:30上漲1%，在交易中達到創紀錄的76990美元。
S&P 500's Top 5 Gainers On Thursday
標普500指數週四漲幅前五名
| Name | Last | Chg % |
| EPAM Systems, Inc. (NYSE:EPAM) | 233.00 | 14.95% |
| Viatris Inc. (NASDAQ:VTRS) | 13.20 | 13.69% |
| Super Micro Computer, Inc. (NASDAQ:SMCI) | 25.47 | 12.21% |
| Warner Bros. Discovery, Inc. (NASDAQ:WBD) | 9.38 | 11.91% |
| McKesson Corporation (NYSE:MCK) | 607.76 | 10.64% |
| 名稱 | 最近 | Chg % |
| EPAm Systems, Inc.（紐交所：EPAM） | 233.00 | 14.95% |
| Viatris Inc.（納斯達克：VTRS） | 13.20 | 13.69% |
| Super Micro Computer，Inc.（納斯達克：SMCI） | 25.47 | 12.21% |
| 華納兄弟發現公司 (納斯達克:WBD) | 9.38 | 11.91% |
| 麥克森公司（紐交所：MCK） | 607.76 | 10.64% |
S&P 500's Top 5 Losers On Thursday
標普500指數週四的五大跌幅股
| Name | Last | Chg % |
|---|---|---|
| Match Group, Inc. (NASDAQ:MTCH) | 31.11 | -17.86% |
| APA Corporation (NASDAQ:APA) | 21.93 | -11.34% |
| CVS Health Corporation (NYSE:CVS) | 57.09 | -7.33% |
| Rockwell Automation, Inc. (NYSE:ROK) | 277.22 | -5.71% |
| Becton, Dickinson and Co. (NYSE:BDX) | 227.16 | -5.38% |
| 名稱 | 最近 | Chg % |
|---|---|---|
| Match Group公司，股票代碼：納斯達克MTCH | 31.11 | -17.86% |
| APA公司 (納斯達克: APA) | 21.93 | -11.34% |
| 西維斯健康公司（紐約證券交易所股票代碼：CVS） | 57.09 | -7.33% |
| 羅克韋爾自動化公司（紐交所:ROK） | 277.22 | -5.71% |
| Becton Dickinson & Co 6% dep shs rep 1/20 man conv pref ser b（紐交所:BDX） | 227.16 | -5.38% |
- Fed's Interest Rate Cut Pace Expected To Slow: Economists Weigh Trump's White House Return
- 預計聯儲局減息步伐放緩：經濟學家評估特朗普重返白宮
Wall Street bull illustration created using artificial intelligence via MidJourney.
通過MidJourney，利用人工智能創作的華爾街公牛插圖。
譯文內容由第三人軟體翻譯。
