S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.A hotter-than-expected jobs report spurred a premarket rally on Wall Street Friday, showcasing the U.S. economy's resilience and easing concerns over an economic slowdown.
一份就業報告超出預期，推動了週五華爾街的盤前漲勢，展示了美國經濟的韌性，並緩解了對經濟放緩的擔憂。
The strong labor data also led traders to rethink the Federal Reserve's aggressive rate cuts, resulting in a jump in the dollar and Treasury yields.
強勁的勞動力數據也導致交易商重新考慮聯儲局的激進減息，導致美元和國債收益率飆升。
What Happened: The U.S. economy added 254,000 jobs in September, far exceeding the expected 140,000. This marks an acceleration from August's 159,000 figure and well above the 12-month average of 230,000. Payrolls for both July and August were upwardly revised by 55,000 and 17,000, respectively.
事件經過：美國經濟在九月新增了25.4萬個工作崗位，遠超預期的14萬。這標誌着從八月的15.9萬人數加速增長，遠超23萬的12個月平均數。七月和八月的工資單分別上調了5.5萬和1.7萬。
Private sector payrolls accounted for 223,000 jobs, while the government added 31,000. The unemployment rate fell unexpectedly by 0.1% to 4.1%, beating the forecasted 4.2%.
私營部門新增了22.3萬個工作崗位，而政府則增加了3.1萬個。失業率意外下降了0.1%，降至4.1%，打敗了預期的4.2%。
Wages grew by 0.4% in September, surpassing the expected 0.3%.
九月月工資增長了0.4%，超出預期的0.3%。
Why It Matters: The stronger-than-expected pace of job addition, coupled with a surprisingly lower unemployment rate and higher wage growth, signals a strong consumer spending outlook, which could lift corporate earnings, particularly as we head into the fourth quarter.
爲什麼重要：不僅就業增長速度超出預期，失業率意外下降，工資增長較高，預示着強勁的消費者支出前景，這可能推動企業收益增長，尤其是在我們步入第四季度之際。
Yet the labor market's strength also complicates the Federal Reserve's efforts to curb inflation. Higher wages could stoke consumer demand, putting upward pressure on prices, potentially slowing disinflation efforts. This may lead the Fed to delay or scale back anticipated interest rate cuts.
然而，勞動力市場的強勁也讓聯儲局控制通貨膨脹的努力變得更加複雜。較高的工資可能刺激消費需求，增加價格上漲的壓力，可能放緩去通縮的努力。這可能導致聯儲局推遲或削減預期的減息。
Before the jobs report, the market had priced in a 30% chance of a 50-basis-point rate cut in November, according to the CME FedWatch Tool. Following the data release, those odds plummeted to 11%.
在就業報告發布之前，市場對11月減息50個點子的概率估計爲30%，根據CME聯邦基金Watch工具。數據發佈後，這一概率暴跌至11%。
Market Reactions:
市場反應:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) jumped 0.9% in premarket trading, edging closer to its recent record highs.
- The Invesco QQQ Trust (NASDAQ:QQQ), which tracks major tech stocks, rallied 1.4%, driven by strong gains in the semiconductor sector. The iShares Semiconductor ETF (NYSE:SOXX) surged 2.1%.
- Blue chips rose as well, with the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) up by 0.7%.
- Small caps outperformed large caps. The iShares Russell 2000 ETF (NYSE:IWM) rallied 1.7%.
- Yields on the 10-year Treasury bond soared by 11 basis points to 3.96%. Yields on the policy-sensitive two-year note spiked by 15 basis points to 3.87%.
- The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) tumbled 1.2%.
- The U.S. Dollar Index, which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), rose 0.7%.
- SPDR標普500ETF trust (NYSE:SPY)在盤前交易中上漲了0.9%，逼近其最近的紀錄高點。
- Invesco納指100etf-invesco qqq trust (NASDAQ:QQQ) 一直在追蹤主要科技股，上漲了1.4%，受半導體板塊大幅增長的推動，石油及海上服務高3.4%，半導體etf (NYSE:SOXX) 大漲2.1%。
- 藍籌股也上漲，道瓊斯指數etf (NYSE:DIA) 上漲了0.7%。
- 小盤股表現優異，ishares羅素2000指數etf (NYSE:IWM) 大漲1.7%。
- 10年期國債收益率飆升11個點子至3.96%。政策敏感的2年期國債收益率激增15個點子至3.87%。
- ishares 20+年期國債etf (納斯達克:TLT) 暴跌1.2%。
- 美元指數，由Invesco Db美元指數看漲基金etf (NYSE:UUP) 追蹤，上漲了0.7%。
Top Gainers Post-Jobs Report:
漲幅榜發佈就業報告：
Using the Movers function on Benzinga Pro, here are the top performers among U.S. mega-cap stocks in the 30 minutes following the release of the September jobs data.
利用Benzinga Pro的Movers功能，以下是9月就業數據發佈後30分鐘內美國超大盤股票中表現最佳的股票。
| Company Name | Price | Change |
|---|---|---|
| KLA Corp. (NASDAQ:KLAC) | $799.25 | +3.18% |
| Mitsubishi UFJ Financial Group (NYSE:MUFG) | $10.18 | +3.18% |
| Applied Materials Inc. (NASDAQ:AMAT) | $205.53 | +2.10% |
| Lam Research Corp. (NASDAQ:LRCX) | $83.60 | +2.08% |
| Advanced Micro Devices Inc. (NASDAQ:AMD) | $166.90 | +1.92% |
| ARM Holdings plc (NASDAQ:ARM) | $142.44 | +1.91% |
| Shopify Inc. (NYSE:SHOP) | $80.02 | +1.67% |
| Broadcom Inc. (NASDAQ:AVGO) | $175.66 | +1.66% |
| Adobe Inc. (NASDAQ:ADBE) | $510.58 | +1.59% |
| Bank of America Corp. (NYSE:BAC) | $39.96 | +1.56% |
| Texas Instruments Inc. (NASDAQ:TXN) | $204.82 | +1.56% |
| 公司名稱 | 價格 | 變更 |
|---|---|---|
| 科磊公司（納斯達克：KLAC） | $799.25 | +3.18% |
| 三菱UFJ金融集團（紐交所:MUFG） | $10.18 | +3.18% |
| 應用材料公司 (納斯達克:AMAT) | $205.53 | +2.10% |
| Lam Research Corp.（納斯達克:LRCX） | $83.60 | +2.08% |
| 美國超微公司（納斯達克：AMD） | $166.90 | +1.92% |
| ARm控股有限公司（NASDAQ：ARM） | $142.44 | +1.91% |
| Shopify Inc. (紐交所：SHOP) | $80.02 | +1.67% |
| broadcom corp 8.00% mandatory convertible prf sr a（納斯達克：AVGO） | $175.66 | +1.66% |
| Adobe股份有限公司（納斯達克股票代碼: ADBE） | $510.58 | +1.59% |
| 美國銀行公司（紐交所：BAC） | $39.96 | +1.56% |
| 德州儀器公司（納斯達克:TXN） | $204.82 | +1.56% |
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圖片來自shutterstock。
譯文內容由第三人軟體翻譯。