US equity indexes ended the week higher as relatively soft economic data kept the Federal Reserve hawks at bay, and gains in heavyweight technology and communications services names other than Nvidia (NVDA) and Apple (AAPL) added to the tailwind.
* The Dow Jones Industrial Average closed at 39,150.63 on Friday versus 38,589.16 a week ago. The Nasdaq Composite closed at 17,689.36 versus 17,688.88 a week prior. The S&P 500 ended at 5,464.71, compared with 5,431.60 a week earlier.
* Within technology, Adobe (ADBE) was the top gainer, up by more than 16%, but, importantly, Nvidia and Apple ended the week lower. As a result, technology closed the week little changed.
* Communication services was the top performer among sectors this week, led by Netflix (NFLX) and Alphabet (GOOG) in the biggest market-cap category. The financials group produced the second-highest return, led by Wells Fargo (WFC), Mastercard (MA), and Visa (V).
* In economic news, building permits fell 3.8% to a 1.39 million rate, versus the 1.45 million rate expected and a decline to 1.44 million in April.
* US retail sales rose 0.1% in May versus the 0.3% gain anticipated in a survey compiled by Bloomberg and a 0.2% retreat in April.
* The 10-year and two-year government bond yields traded marginally higher late Friday, versus a week ago.
* Fed Governor Adriana Kugler (voter) said that it is possible that the FOMC could cut rates later in 2024, but further evidence that the recent improvement in inflation is continuing will be needed before the FOMC can cut rates. Richmond Fed President Tom Barkin (voter) said he is open-minded about policy decisions based on incoming data.
* The probability that the FOMC will cut interest rates by 25 basis points in September stood at 60% by late Friday versus 62% a week ago, according to the CME Group's FedWatch Tool. The likelihood of the Fed remaining on hold in September was 34% compared with 35% a week earlier.
美國股指本週收高，原因是相對疲軟的經濟數據使聯儲局鷹派望而卻步，除英偉達（NVDA）和蘋果（AAPL）以外的重量級科技和通信服務公司的漲勢加劇了不利因素。
* 道瓊斯工業平均指數週五收於39,150.63點，而一週前爲38,589.16點。納斯達克綜合指數收於17,689.36點，一週前收於17,688.88點。標準普爾500指數收於5,464.71點，而一週前爲5,431.60點。
* 在科技領域，Adobe（ADBE）漲幅最大，漲幅超過16％，但重要的是，英偉達和蘋果本週收盤走低。結果，技術在本週收盤時幾乎沒有變化。
* 本週通信服務在各行各業中表現最好，市值最大的類別中以Netflix（NFLX）和Alphabet（GOOG）爲首。該金融集團的回報率排名第二，以富國銀行（WFC）、萬事達卡（MA）和維薩（V）爲首。
* 在經濟新聞方面，建築許可下降了3.8％，至139萬份，而4月份的預期爲145萬份，降至144萬份。
* 5月份美國零售銷售增長0.1％，而彭博社編制的調查預計增長0.3％，4月份回落0.2％。
* 週五晚些時候，10年期和兩年期國債收益率與一週前相比略有上漲。
* 聯儲局理事阿德里安娜·庫格勒（選民）表示，聯邦公開市場委員會有可能在2024年晚些時候降息，但在聯邦公開市場委員會降息之前，還需要進一步證實近期通貨膨脹持續改善。里士滿聯儲主席湯姆·巴金（選民）表示，他對基於即將到來的數據的政策決策持開放態度。
* 芝加哥商品交易所集團的聯邦觀察工具顯示，聯邦公開市場委員會在9月份將利率下調25個點子的可能性截至週五晚些時候爲60％，而一週前爲62％。聯儲局在9月份保持按兵不動的可能性爲34％，而一週前爲35％。
