US Stocks Retreat As Dow Drops For Ninth Consecutive Session
US Stocks Retreat As Dow Drops For Ninth Consecutive Session
Investor attention remains on the Federal Reserve's policy decision on Wednesday, with a 25-basis-point interest rate cut largely priced in. Focus will also be on the Fed's summary of economic projections (SEP) and Chair Jerome Powell's comments, which could provide insights into the pace of rate cuts in 2025.US stocks fell on Tuesday, with the Dow Jones Industrial Average declining for a ninth straight session, as cautious investors awaited the Federal Reserve's final policy announcement for the year amid stronger-than-expected economic data.
美國股票在週二下跌，道瓊斯指數連續第九個交易日下跌，謹慎的投資者在強於預期的經濟數據的背景下，等待聯儲局年度最後一次政策公告。
US retail sales rose more than anticipated in November, driven by increased motor vehicle purchases, reflecting the resilience of consumer spending despite elevated interest rates.
美國11月零售銷售增幅超出預期，主要受到汽車購買增加的推動，反映出儘管利率較高，消費支出依然韌性十足。
The Dow Jones Industrial Average fell 267.58 points, or 0.61%, to 43,449.90, marking its longest losing streak since 1978. The S&P 500 slipped 23.47 points, or 0.39%, to 6,050.61, while the Nasdaq Composite dropped 64.83 points, or 0.32%, to 20,109.06.
道瓊斯指數下跌267.58點，跌幅爲0.61%，收於43,449.90，創下自1978年以來最長的連續下跌紀錄。S&P 500下跌23.47點，跌幅爲0.39%，收於6,050.61，而納斯達克綜合指數下跌64.83點，跌幅爲0.32%，收於20,109.06。
Investor attention remains on the Federal Reserve's policy decision on Wednesday, with a 25-basis-point interest rate cut largely priced in. Focus will also be on the Fed's summary of economic projections (SEP) and Chair Jerome Powell's comments, which could provide insights into the pace of rate cuts in 2025.
投資者的注意力集中在週三聯儲局的政策決策上，25個點子的減息已被大致計入。 市場還將關注聯儲局的經濟預測摘要（SEP）和主席傑羅姆·鮑威爾的講話，這些可能會提供2025年減息步伐的見解。
Jason Ware, Chief Investment Officer at Albion Financial Group, noted, "This is just standard pre-Fed caution. While a 25-basis-point cut is expected, there is uncertainty around Powell's remarks and the SEP."
阿爾比恩金融集團首席投資官傑森·韋爾指出：「這只是聯儲局前的標準謹慎。雖然預計會減息25個點子，但對鮑威爾的講話和SEP存在不確定性。」
Treasury yields fluctuated as markets braced for a potentially "hawkish cut" scenario, where the Fed maintains a cautious stance amid economic momentum and persistent inflation.
由於市場爲可能的「鴿派減息」情景做準備，財政收益率波動不定，聯儲局在經濟 momentum 和持續的通貨膨脹中保持謹慎立場。
Sector Performance
板塊表現
Nearly all 11 major S&P sectors ended in the red, led by a 0.9% decline in industrials. Consumer discretionary stocks outperformed, buoyed by a 3.6% surge in Tesla following a price target increase from Mizuho to US$515.
幾乎所有11個主要S&P板塊都以紅盤收盤，工業板塊下跌0.9%。消費品股票表現優異，受到特斯拉股價目標從瑞穗上調至515美元后上漲3.6%的提振。
Pfizer shares climbed 4.7% after the pharmaceutical giant issued a 2025 profit forecast in line with Wall Street expectations.
輝瑞的股票在這家制藥巨頭髮布2025年盈利預測符合華爾街預期後，上漲了4.7%。
The small-cap Russell 2000 index, which is sensitive to higher interest rates, declined 1.2%, while the CBOE Volatility Index – Wall Street's "fear gauge" – rose to its highest level since late November.
小盤股指數羅素2000，在利率期貨升高的情況下，下降了1.2%，而CBOE波動指數——華爾街的「恐懼指數」——則升至自11月底以來的最高水平。
Market Breadth and Volumes
市場廣度和成交量
Declining issues outnumbered advancing ones by a 2.77-to-1 ratio on the NYSE and 1.79-to-1 on the Nasdaq. The Nasdaq recorded 81 new highs and 197 new lows, while the S&P 500 posted 11 new highs and 19 new lows.
在紐交所，下降的股票數量以2.77比1的比例超過上升的股票，而在納斯達克爲1.79比1。納斯達克記錄了81個新高和197個新低，而S&P 500則發佈了11個新高和19個新低。
Volume on US exchanges was 16.17 billion shares, above the recent 20-day average of 14.11 billion shares.
美國交易所的成交量爲161.7億股，高於最近20天的平均成交量141.1億股。
Reuters
路透社
譯文內容由第三人軟體翻譯。
