S&P 500 Suffers Largest Weekly Drop Since March 2023 Banking Crisis, Chipmakers Notch Worst Week In Over Four Years
S&P 500 Suffers Largest Weekly Drop Since March 2023 Banking Crisis, Chipmakers Notch Worst Week In Over Four Years
The S&P 500 index endured its sharpest weekly decline in over a year and a half — a drop that hasn't been seen since the banking crisis in March 2023.
標普500指數經歷了一年半以來最嚴重的周度下跌，這種跌幅自2023年3月的銀行危機以來就沒有出現過。
A cooler labor market report prompted investors to reduce their risk exposure after three consecutive weeks of gains.
較冷淡的勞動力市場報告促使投資者在連續三個星期的增長之後減少風險敞口。
On Friday, Wall Street experienced a strong "risk-off" session, with the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), closing 1.7% lower. This extended the weekly loss to 4.1%.
週五，華爾街經歷了一次強烈的「避險」交易，標普500指數富時500 ETF信託 (紐交所:SPY) 關閉時下跌了1.7%。這使周度損失擴大至4.1%。
Tech stocks were hit even harder. The Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), which follows the performance of major tech stocks, plunged 2.6% on Friday. This resulted in a 5.8% weekly loss, the steepest since October 2022.
科技股遭受了更嚴重的打擊。因發表主要科技股表現的納斯達克100ETF信託，週五暴跌了2.6%。這導致了5.8%的周度損失，是自2022年10月以來最嚴重的。
Semiconductors bore the brunt of the selling. The iShares Semiconductor ETF (NYSE:SOXX), a barometer for the semiconductor industry, sank 4.3% on Friday alone. Over the week, the sector was down 11.8%, its worst weekly performance since March 2020.
半導體承受了拋售的衝擊。紐約證券交易所半導體ETF (紐交所:SOXX)，作爲半導體行業的晴雨表，僅週五就暴跌了4.3%。整個周度，該板塊下跌了11.8%，是自2020年3月以來最糟糕的一週表現。
Cooling Employment Numbers Amplify Risk-Off Mood
就業數據的降溫加劇了避險情緒
Friday's selloff was driven in large part by the latest labor market data. The U.S. economy added just 142,000 nonfarm payrolls in August, missing the forecast of 160,000 and significantly below the one-year average of 202,000 new jobs per month.
週五的拋售在很大程度上是由最新的勞動力市場數據推動的。美國經濟8月份只增加了14.2萬個非農就業崗位，低於預期的16萬，並明顯低於每月20.2萬個新工作的一年平均水平。
The unemployment rate ticked down slightly from 4.3% to 4.2%, in line with expectations, while wage growth provided a mild upside surprise.
失業率從4.3%略微下降至4.2%，符合預期，而工資增長提供了輕微的正面意外。
"We acknowledge that today's employment report was weaker than we expected, but we don't see a recession," said veteran Wall Street investor Ed Yardeni.
我們承認，今天的就業報告比我們預期的要不好，但我們並未看到出現衰退的跡象，"經驗豐富的華爾街投資者埃德•亞爾迪尼說。
Yardeni highlighted that while employers are not laying off workers en masse, their demand for new hires has slowed down, even as the supply of labor has increased.
亞爾迪尼指出，雖然僱主沒有大規模裁員，但對新員工的需求放緩，與此同時勞動力供應增加。
"The moderation in the labor market has been characterized by low layoffs and slowing hiring," added Bank of America economist Shruti Mishra.
美國銀行經濟學家Shruti Mishra補充道:"勞動力市場的調整表現爲裁員率較低和招聘速度放緩。
In response to the softer jobs data, Bank of America altered its forecast for Federal Reserve rate cuts. Previously, the bank had expected 25 basis point cuts per quarter beginning in September. Now, the firm foresees the Fed trimming rates by 25 basis points at each meeting for the next five sessions, bringing the policy rate down to 4% by March 2025.
作爲對就業數據疲軟的回應，美國銀行調整了對聯儲局減息的預測。此前，該行預計從9月份開始，每個季度減息25個點子。現在，該公司預計聯儲局將在接下來的五次會議上每次削減25個點子，使政策利率在2025年3月降至4%。
Friday's Major Drags On The S&P 500
週五標普500指數的主要拖累因素
Here's a breakdown of the five largest contributors to Friday's decline in the S&P 500:
以下是導致週五標普500指數下跌的五個最大貢獻者:
| Name | Weight (%) | Return (%) | Contribution (bps) |
|---|---|---|---|
| NVIDIA Corporation | 5.69 | -4.04 | -24 |
| Broadcom Inc. (NASDAQ:AVGO) | 1.44 | -10.35 | -16 |
| Amazon.com, Inc. (NASDAQ:AMZN) | 3.51 | -3.64 | -13 |
| Tesla, Inc. (NASDAQ:TSLA) | 1.38 | -8.44 | -13 |
| Microsoft Corporation (NASDAQ:MSFT) | 6.55 | -1.63 | -11 |
| 姓名 | 權重(%) | 回報（%） | 貢獻（點子） |
|---|---|---|---|
| 英偉達公司 | 5.69 | -4.04 | -24 |
| broadcom corp 8.00% mandatory convertible prf sr a（納斯達克：AVGO） | 1.44 | -10.35 | -16 |
| 亞馬遜公司（納斯達克股票代碼：AMZN） | 3.51 | -3.64 | -13 |
| 特斯拉公司（納斯達克股票代碼：TSLA） | 1.38 | -8.44 | -13 |
| 微軟公司（納斯達克：MSFT） | 6.55 | -1.63 | -11 |
Friday's Worst-Performing Semiconductor Stocks
上週五表現最差的半導體股票
The semiconductor sector faced particular challenges, with major names among the worst performers:
半導體板塊面臨着特殊的挑戰，其中有一些大牌名字成爲了表現最差的股票：
| Name | Return (%) |
|---|---|
| Broadcom Inc. | -10.35 |
| Wolfspeed, Inc. (NASDAQ:WOLF) | -6.53 |
| ASML Holding N.V. (NASDAQ:ASML) | -5.37 |
| Rambus Inc. (NASDAQ:RMBS) | -5.28 |
| Marvell Technology, Inc. (NASDAQ:MRVL) | -5.25 |
| 姓名 | 回報（%） |
|---|---|
| broadcom corp 8.00% mandatory convertible prf sr a | -10.35 |
| Wolfspeed, Inc.（納斯達克：WOLF） | -6.53 |
| ASML Holding N.V.（納斯達克：ASML） | -5.37 |
| Rambus公司（納斯達克：RMBS） | -5.28 |
| Marvell Technology, Inc. (NASDAQ：MRVL) | -5.25 |
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Image: Shutterstock
圖片：shutterstock
譯文內容由第三人軟體翻譯。