Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
Dow Reaches Record Highs Above 40,000, Small Caps Ride The Rate-Cut Wave, EV Stocks Rally: What's Driving Markets Friday?
It's another memorable day for the stock market, as the blue-chip Dow Jones Industrial Average Index reaches new record highs, surpassing the 40,000-mark milestone and breaking the previous peak set in May.
這是股市又一個值得銘記的日子，道瓊斯工業平均指數創下歷史新高，突破40,000關口，打破5月份的前高。
Small caps continue their rally driven by strong bets on interest rate cuts, sustaining momentum after Thursday's extraordinary surge. The Russell 2000 Index, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), has had its best week of the year, gaining over 6%.
由於加大對降息的押注，小盤股在週四異常強勁表現後繼續上漲。根據iShares羅素2000指數ETF（NYSE:IWM）跟蹤的羅素2000指數，本週漲幅超過6%，是一年中表現最好的一週。
Each of the eleven S&P 500 sectors showed a gain Friday, with the index of the 500 largest U.S. corporations rising 0.9%. For the S&P 500, this marks the tenth positive week out of the last twelve.
標普500指數的11個板塊全都有所上漲，500家美國最大公司的指數上漲0.9%。對於標普500指數而言，過去12週中有10周爲正周。
The Nasdaq 100 also showed a solid rebound, rising by 1% after a 2.2% selloff the previous day.
納斯達克100指數也出現了堅挺反彈，前一日下跌2.2%後上漲1%。
On the macro front, producer inflation rose more than expected in June. However, this did not affect expectations for rate cuts, with traders firmly anticipating a cut in September, assigning it a near-certain probability.
宏觀層面上，6月生產者物價指數較預期上升，但這不影響降息預期。交易員堅定預計將在9月份加息，幾乎確定會實施。
The consumer sentiment index measured by the University of Michigan continues to show signs of weakness in July, though it also indicates a decrease in future inflation expectations.
密歇根大學消費者信心指數在7月仍然表現疲軟，但也顯示出未來通貨膨脹預期下降的跡象。
Major banks such as JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), and Wells Fargo & Co. (NYSE:WFC) reported better-than-expected earnings, yet market reactions were negative, particularly for Wells Fargo amid a weakening outlook on net interest income.
摩根大通（NYSE:JPM）、花旗集團（NYSE:C）和富國銀行（NYSE:WFC）等主要銀行報告的業績超出預期，但市場反應卻是負面的，特別是富國銀行因淨利息收入前景疲軟而受到打擊。
Treasury yields were steady, with the 10-year yield hovering at 4.20%, on track for the lowest close since late March. The dollar weakened further, poised for its second consecutive week of declines.
國債收益率保持穩定，10年期收益率在4.20%左右徘徊，距離自三月下旬以來的最低收盤價不遠。美元進一步走弱，預計將迎來連續第二個跌幅周。
In commodities markets, gold inched up 0.1%, battling for its fourth straight session of gains. Natural gas spiked 3%, while oil prices softened by 0.2%.
在商品市場上，黃金微漲0.1%，爭取連續第四個交易日上漲。天然氣上漲3%，油價微跌0.2%。
In the cryptocurrency market, Bitcoin (CRYPTO: BTC) rose by 1.3%, trading above $58,000.
在數字貨幣市場上，比特幣（CRYPTO: BTC）上漲1.3%，交易價格超過58,000美元。
Friday's Performance In Major US Indices, ETFs
主要美國指數和ETFs的週五表現。
| Major Indices | Price | 1-day %chg |
| Russell 2000 | 2,150.28 | 1.2% |
| Nasdaq 100 | 20,415.64 | 1.0% |
| S&P 500 | 5,633.65 | 0.9% |
| Dow Jones | 40,101.75 | 0.9% |
| 主要指數 | 價格 | 1天%漲幅 |
| Russell 2000 | 2,150.28 | 1.2% |
| 納斯達克100 | 20,415.64 | 1.0% |
| S&P 500 | 5,633.65 | 0.9% |
| 道瓊斯 | 40,101.75 | 0.9% |
According to Benzinga Pro data:
根據Benzinga Pro的數據：
- The SPDR S&P 500 ETF Trust (NYSE:SPY) was 0.9% higher to $561.58.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) rose by 0.9% to $397.59.
- The tech-heavy Invesco QQQ Trust (ARCA: QQQ) rebounded 1% to $496.94.
- Sector-wise, the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) outperformed, up by 1.7%, while the Communication Services Select Sector SPDR Fund (NYSE:XLC) lagged, up 0.1%.
- 標普500指數ETF信託基金（NYSE:SPY）漲幅0.9%，至561.58美元。
- 道瓊斯工業指數ETF（NYSE:DIA）上漲0.9%，至397.59美元。
- 技術型股票權重較高的納指100ETF-Invesco QQQ Trust（ARCA:QQQ）反彈1%，收報496.94美元。
- 板塊方面，非必需消費類ETF-SPDR（NYSE:XLY）表現強勁，上漲1.7%，而通訊服務行業精選指數ETF-SPDR（NYSE:XLC）表現疲軟，上漲0.1%。
Friday's Stock Movers
週五的股票封板
- EV-related stocks rallied substantially amid strong expectations for Q2 deliveries. Shares of Lucid Group Inc. (NASDAQ:LCID), Rivian Automotive Inc. (NASDAQ:RIVN) and Tesla Inc. (NASDAQ:TSLA) rocketed 21%, 11% and 4% respectively.
- Bank of New York York Mellon Corp. (NYSE:BK) rose over 5%, in reaction to its earnings, eyeing the strongest session in two years.
- QuantumScape Corp. (NASDAQ:QS) rallied 18% after the company announced Thursday it entered into an agreement with Volkswagen's PowerCo to industrialize solid-state batteries
- Carvana Co. (NYSE:CVNA) rose over 8% to $140 after BTIG initiated coverage at Buy with $155 price target.
- 在強勁的Q2交付預期下，與電動汽車有關的股票大幅上漲。盧西德集團股份有限公司（NASDAQ:LCID）、Rivian Automotive Inc.（NASDAQ:RIVN）和特斯拉公司（NASDAQ:TSLA）的股票價格分別飆升了21%、11%和4%。
- 紐約銀行梅隆公司（紐交所股票代碼：BK）在其業績公佈後上漲了5％以上，預計將迎來兩年來最好的交易日。
- 量子控股公司（納斯達克股票代碼：QS）週四宣佈與大衆汽車的PowerCo達成協議，以將固態電池產業化，股價上漲18％。
- Carvana公司（紐交所股票代碼：CVNA）在BTIG發起覆蓋並給出155美元的買入價格目標後上漲了8％以上，報價達到140美元。
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Image created using artificial intelligence via Midjourney.
圖像由Midjourney通過人工智能創建。
譯文內容由第三人軟體翻譯。