Equity Markets Fall as Traders Parse Consumer Spending Report
Equity Markets Fall as Traders Parse Consumer Spending Report
US benchmark equity indexes closed lower Friday as markets assessed a report showing consumer spending rose less than expected in May.
週五，隨着市場評估了一份報告，顯示五月份消費支出低於預期，美國基準股票指數全線下跌。
The Nasdaq Composite fell 0.7% to 17,732.6, while the S&P 500 lost 0.4% to 5,460.5. The Dow Jones Industrial Average dropped 0.1% to 39,118.9. Communication services posted the steepest decline among sectors, followed by consumer discretionary. Real estate led the gainers.
納斯達克綜合指數下跌0.7%至17,732.6，標普500指數下跌0.4%至5,460.5點，道瓊斯工業平均指數下跌0.1%至39,118.9。與之相反，房地產行業領漲，通訊服務比部門下跌最多，其次是消費者自選股。
For the week, the Dow and the S&P 500 ticked 0.1% lower each, while the Nasdaq rose 0.2%.
本週，道瓊斯指數和標普500指數分別下跌0.1%，而納斯達克指數上漲0.2%。
In economic news, US consumer spending increased less than projected last month, while inflation slowed at the monthly and annual levels, data from the Bureau of Economic Analysis showed. Growth in the Federal Reserve's preferred inflation measure -- which excludes the volatile food and energy components -- eased in line with Wall Street's projections.
根據美國經濟分析局的數據，美國經濟新聞顯示，上月美國消費者支出增長不如預期，而通脹在月度和年度水平上放緩。聯儲局首選通脹測量指標的增長 -- 不包括食品和能源波動的因素 -- 與華爾街的預期接近。
"(Fed) officials will want to see a few more encouraging inflation reports before beginning to cut interest rates, but they will not wait until inflation falls to their 2% target," Oxford Economics said in a note.
牛津經濟學在一份報告中表示：“(聯儲局)官員們希望在開始削減利率之前看到更多令人鼓舞的通脹報告，但他們不會等到通貨膨脹降至他們的2％目標。”
US consumer sentiment fell less than estimated in June, while year-ahead inflation expectations dropped, the University of Michigan's Surveys of Consumers showed.
密歇根大學消費者調查顯示，預計明年通脹預期下降，但美國消費者情緒下降情況並不像最初估計的那樣嚴重。
"While consumers exhibited confidence that inflation will continue to moderate, many expressed concerns about the effect of high prices and weakening incomes on their personal finances," Surveys of Consumers Director Joanne Hsu said.
消費者調查中心主任Joanne Hsu表示：“雖然消費者表現出通脹持續緩和的信心，但許多人對高物價和收入下降對個人財務的影響表示擔憂。”
The US 10-year yield rose 9.6 basis points to 4.38%, while the two-year rate gained 2.9 basis points to 4.75%.
美國10年期收益率上漲9.6個點子至4.38%，而2年期收益率上漲2.9個點子至4.75%。
Richmond Fed President Tom Barkin said that the US economy has been resilient despite a tight monetary policy, but should eventually slow further.
里士滿聯儲銀行行長湯姆·巴爾金（Tom Barkin）表示，儘管貨幣政策嚴格，但美國經濟一直是具有韌性的，但應該最終放緩。
"The US economy, particularly its consumer, has been much more resilient to rate increases than most expected and is likely to stay so as long as valuations remain elevated, and unemployment remains low," Barkin said.
巴爾金表示：“美國經濟，尤其是其消費者，對於利率上漲比大多數人預期的都更具有韌性，並且只要估值保持上漲，失業率保持低位，就有可能保持不變。”
On Thursday, Fed Governor Michelle Bowman said that she continues to see numerous upside risks to inflation and that she doesn't think policymakers are ready to cut interest rates. Separately, Atlanta Fed President Raphael Bostic said he still believes the Federal Open Market Committee could start reducing rates in the fourth quarter.
聯儲局理事米歇爾·鮑曼（Michelle Bowman）週四表示，她仍然看到通脹上行存在許多上行風險，並且她認爲政策制定者還沒有準備好降息。此外，亞特蘭大聯儲銀行行長拉斐爾·博斯蒂克（Raphael Bostic）表示，他仍然相信聯邦公開市場委員會可能在第四季度開始減息。
West Texas Intermediate crude oil fell 0.3% to $81.50 per barrel Friday.
WTI原油週五下跌0.3%，至每桶81.50美元。
In company news, Nike (NKE) shares tumbled nearly 20%, the steepest decline on the S&P 500 and the Dow. The athletic footwear and apparel maker late Thursday lowered its full-year revenue outlook after logging a surprise decline in fiscal fourth-quarter sales even as its earnings outperformed estimates.
耐克(Nike)的股價暴跌近20%，是標普500指數和道瓊斯指數中跌幅最大的。這家運動鞋和服裝生產商周四晚上調低了全年收入預期，儘管其盈利表現超過了預期，但第四財季銷售意外下降。
Wedbush Securities said in a Friday note to clients that the challenges facing Nike are "clearly more impactful" than previously expected.
Wedbush Securities在給客戶的星期五的報告中表示，耐克面臨的挑戰“明顯比以前預期的更具影響力。”
Synchrony Financial (SYF) was the top gainer on the S&P 500, up 6.7%, as Baird initiated coverage with an outperform rating and a $56 price target.
Synchrony Financial (SYF)是標普500指數中表現最好的股票，漲幅爲6.7%，因爲Baird證券剛剛開始覆蓋該公司，給予它“跑贏大盤”評級並設56美元的目標價。
Gold dropped 0.1% to $2,335.10 per troy ounce, while silver rose 0.5% to $29.41 per ounce.
黃金下跌0.1%，至每盎司2,335.10美元，白銀上漲0.5%，至每盎司29.41美元。
譯文內容由第三人軟體翻譯。