Wall Street Sighs In Relief As August Jobs Numbers Ease Recession Fears: Small Caps Outperform, Dollar Trims Weekly Losses
Wall Street Sighs In Relief As August Jobs Numbers Ease Recession Fears: Small Caps Outperform, Dollar Trims Weekly Losses
Initial market reactions saw the dollar swing lower and traders increasingly bet on a potential 50-basis-point rate cut from the Federal Reserve, driven by the headline payrolls miss. A deeper dive into the report — which revealed stronger wage growth and a dip in unemployment — helped ease recession concerns.Wall Street breathed a sigh of relief Friday after the August jobs report signaled economic resilience, calming recession fears that had escalated following weak labor data in July and earlier this week.
週五，8月的就業報告顯示出經濟的韌性，帶來了華爾街的寬慰，緩解了此前在7月和本週早些時候發佈的勞動力數據疲軟之後對經濟衰退的擔憂。
The U.S. economy added 142,000 nonfarm payrolls in August, up from the previous month's downwardly revised 89,000 but falling short of the expected 160,000.
8月美國非農就業人數增加了14.2萬人，高於上個月修訂後的8.9萬人，但低於預期的16萬人。
The unemployment rate dropped to 4.2%, meeting expectations, while wage growth showed strength. Average hourly earnings advanced by 0.4% to $35.21, surpassing the 0.3% forecast. On a year-over-year basis, wages rose 3.8%, beating July's 3.6% and the 3.7% consensus estimate.
失業率下降至4.2%，符合預期，而工資增長則顯示出強勁的勢頭。平均每小時工資增長0.4%，達到35.21美元，超出了0.3%的預測。從年同比來看，工資上漲了3.8%，超過了7月的3.6%和市場預期的3.7%。
Market Reactions
市場反應
Initial market reactions saw the dollar swing lower and traders increasingly bet on a potential 50-basis-point rate cut from the Federal Reserve, driven by the headline payrolls miss. A deeper dive into the report — which revealed stronger wage growth and a dip in unemployment — helped ease recession concerns.
最初的市場反應看到美元走低，交易商越來越傾向於認爲聯儲局可能會進行50個點子的減息，原因是就業報告未達預期。進一步深入報告的分析中，我們發現工資增長更加強勁，失業率下降，有助於緩解經濟衰退的擔憂。
Expectations for a 50-basis-point rate cut surged to 59% by 9 a.m. in New York before retreating to 45%, as per CME Group's FedWatch tool.
紐約時間早上9點，對於50個點子的減息預期飆升至59%，之後回落至45%，數據來自芝加哥商品交易所的FedWatch工具。
- S&P 500: The S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), was down 0.19% shortly before 10 a.m. Friday.
- Tech Stocks: The Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), which monitors tech-heavy Nasdaq stocks, is down 0.95%.
- Semiconductors: The iShares Semiconductor ETF (NYSE:SOXX) is down 2.24%, pressured by a 9.65% slump in Broadcom Inc. (NASDAQ:AVGO) following its earnings report.
- Small Caps: The iShares Russell 2000 ETF (NYSE:IWM) gained 0.14%, buoyed by strength in smaller companies.
- Dollar Index: The Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) rose 0.25%, reversing early losses.
- Treasury Yields: Yields on 10-year Treasury notes edged up by 2 basis points to 3.75%.
- Gold: The SPDR Gold Trust (NYSE:GLD) fell 0.21%, as the dollar firmed and risk sentiment improved.
- 標普500指數：S&P 500指數由紐約證券交易所的SPDR S&P 500 ETF Trust（紐約證券交易所：SPY）跟蹤，週五10點前下跌了0.19%。
- 科技股：Invesco QQQ Trust, Series 1（納斯達克證券交易所：QQQ）跌幅達到了0.95%。
- 半導體股：ishares費城交易所半導體etf（紐交所:SOXX）下跌2.24％，由於廣聯達公司（納斯達克:AVGO）季度業績報告後下滑9.65％。
- 小盤股：ishares羅素2000指數etf（紐交所:IWM）上漲0.14％，得益於小公司的實力。
- 美元指數：景順Db美元指數看漲基金etf（紐交所:UUP）上漲0.25％，扭轉早盤的下跌。
- 國債收益率：10年期國債收益率微漲2個點子至3.75％。
- 黃金：spdr金etf（紐交所:GLD）下跌0.21％，由於美元走強和風險情緒改善。
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Illustration created using artificial intelligence via Midjourney.
使用人工智能創建的插圖，通過Midjourney。
譯文內容由第三人軟體翻譯。
