債市午後逆轉 美股震盪轉升 道指報 50,910.42Bond market reverses in the afternoon, US stocks fluctuate and turn higher, Dow Jones reports 50,910.42
美股周四早段受債息抽高拖累下跌，標普五百曾見兩周低位；其後債市買盤進場、債息由高位回落，加上聯儲局副主席傑斐遜暗示可以保持耐心，三大指數轉升。道指升零點零一個百分點報五萬零九百一十點四二，標普升零點二四，納指升零點二五。U.S. stocks fell early Thursday, dragged down by rising bond yields, with the S&P 500 hitting a two-week low; later, bond market buying emerged, and yields retreated from high levels. Coupled with Federal Reserve Vice Chairman Jefferson hinting at being able to remain patient, the three major indices turned higher. The Dow rose 0.01% to 50,910.42, the S&P gained 0.24%, and the Nasdaq increased 0.25%.
(Updates to afternoon trading)
* Constellation rises after signing 20-year Amazon power deal
* US 10-year Treasury yield hits 2002 high, then retreats
* Accenture shares hit 7-1/2 month intraday high
* Indexes up: Dow up 0.01%, S&P up 0.24%, Nasdaq up 0.25%
By Chuck Mikolajczak and Johann M Cherian
NEW YORK, Oct 1 (Reuters) - US stocks turned higher on Thursday in choppy trade, with the S&P 500 falling early to a two-week low but then rebounding sharply as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs.
Stocks were under pressure in early trading as economic data kept pointing to a solid economy with persistent price pressures.
The Labor Department said weekly initial jobless claims dipped to 197,000, below the 200,000 forecast of economists polled by Reuters. It was the latest in a string of reports this week that indicated the labor market was on solid footing, ahead of the government payrolls report on Friday.
Treasury yields extended gains, and the benchmark 10-year Treasury note hit a 24-year high, after closing out September with its biggest quarterly gain since 1994, and pushed equities lower after the Institute for Supply Management said its manufacturing PMI dipped to 54.5 last month from 54.6 in August and showed a jump in input prices, raising inflation worries.
TREASURY YIELDS REVERSE COURSE
But yields reversed course as buyers stepped in, and further declined after Federal Reserve Vice Chair Philip Jefferson suggested the central bank may be patient before hiking rates again, following a 25 basis point hike in September.
"Even though valuations have come down, the market's still not cheap, so I'm not bearish on the equity market. We can chug along, but I expect higher volatility in both equities and bonds," said Scott Welch, chief investment officer at Certuity in Potomac, Maryland.
"Everybody's adjusting to a new normal. There's nothing particularly scary about what's happening in the markets right now; it's just a little bit different than what people have been used to operating in over the past few years, and it's going to take some adjustment."
The Dow Jones Industrial Average edged up 3.17 points, or 0.01%, to 50,910.42, the S&P 500 gained 18.58 points, or 0.24%, to 7,670.12 and the Nasdaq Composite climbed 66.63 points, or 0.25%, to 26,927.69.
ENERGY SECTOR LEADS GAINS
Oil prices added to inflation worries. Brent crude jumped nearly 5% a barrel after China suspended fuel exports, threatening to further tighten markets. The jump in crude prices helped boost the S&P 500 energy index almost 2% as the best performing of the 11 major S&P sectors.
Technology also showed some strength, up 0.6% with software shares rallying 1.2% on results from Accenture. The IT consulting firm's shares surged 17% to hit their highest intraday level since mid-February after forecasting full-year revenue growth above estimates.
Micron Technology's better-than-expected revenue forecast and $32 billion customer commitments under its supply agreements reinforced faith in the AI trade. Micron shares, however, slipped about 1.7% after nearly quadrupling this year.
Softer-than-expected inflation data on Wednesday further dampened expectations that the Federal Reserve would increase rates at its October meeting, and markets are now pricing in only a 28.2% chance for a hike of at least 25 basis points, down from the 68.6% a week earlier.
Following Jefferson's comments, Minneapolis Federal Reserve President Neel Kashkari said he expects additional rate increases will be needed to restrain the economy going into 2027, though he is unsure about whether the next move should happen later this month.
Advancing issues outnumbered decliners by a 1.04-to-1 ratio on the NYSE and by a 1.02-to-1 ratio on the Nasdaq.
The S&P 500 posted four new 52-week highs and 40 new lows, while the Nasdaq Composite recorded 32 new highs and 265 new lows.
(Reporting by Chuck Mikolajczak; additional reporting by Johann M Cherian, Tharuniyaa Lakshmi and Medha Singh in Bengaluru; Editing by Arun Koyyur, Anil D'Silva and David Gregorio)
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(Updates to afternoon trading)
* Constellation rises after signing a 20-year Amazon power deal
* US 10-year Treasury yield hits 2002 high, then retreats
* Accenture shares hit a 7-1/2 month intraday high
* Indexes up: Dow up 0.01%, S&P up 0.24%, Nasdaq up 0.25%
By Chuck Mikolajczak and Johann M Cherian
NEW YORK, Oct 1 (Reuters) - US stocks rose on Thursday in volatile trading, with the S&P 500 dropping early to a two-week low but then sharply rebounding as a global bond selloff reversed, after having pushed US Treasury yields to multi-decade highs.
Stocks were under pressure in early trading as economic data kept pointing to a solid economy with persistent price pressures.
劳工部表示，每周初请失业金人数下降至197,000人，低于路透社调查的经济学家预测的200,000人。这是本周一系列报告中的最新一项，这些报告显示劳动市场状况稳固，为周五政府的工资单报告做准备。
Treasury yields continued to rise, and the benchmark 10-year Treasury note reached a 24-year high, after finishing September with its largest quarterly gain since 1994, and drove stocks lower following the Institute for Supply Management's report that its manufacturing PMI fell to 54.5 last month from 54.6 in August and indicated a rise in input prices, increasing inflation concerns.
Treasury yields reverse course
But yields reversed course as buyers stepped in, and further declined after Federal Reserve Vice Chair Philip Jefferson suggested the central bank may be patient before hiking rates again, following a 25 basis point hike in September.
“即使估值已经下降，市场仍然不便宜，所以我对股票市场并不看空。我们可以稳步前行，但我预计股票和债券的波动性都会增加，”位于马里兰州波托马克的Certuity首席投资官斯科特·韦尔奇说道。
Everyone is adjusting to a new normal. There's nothing particularly frightening about what's happening in the markets right now; it's just a little different from what people have been used to over the past few years, and it will take some adjustment.
道琼斯工业平均指数微涨3.17点，涨幅0.01%，报50,910.42点；标普500指数上涨18.58点，涨幅0.24%，报7,670.12点；纳斯达克综合指数攀升66.63点，涨幅0.25%，报26,927.69点。
Energy Sector Leads Gains
Oil prices added to inflation worries. Brent crude jumped nearly 5% per barrel after China suspended fuel exports, threatening to further tighten markets. The increase in crude prices helped the S&P 500 energy index rise nearly 2%, making it the best-performing sector among the 11 major S&P sectors.
Technology also showed some strength, up 0.6%, with software shares rallying 1.2% following results from Accenture. The IT consulting firm's shares surged 17% to reach their highest intraday level since mid-February after forecasting full-year revenue growth above estimates.
Micron Technology's better-than-expected revenue forecast and $32 billion in customer commitments under its supply agreements reinforced confidence in the AI sector. However, Micron's shares fell about 1.7% after nearly quadrupling this year.
周三公布的通胀数据低于预期，进一步削弱了市场对美联储在十月会议上加息的预期，目前市场仅将至少提高25个基点的可能性定价为28.2%，低于一周前的68.6%。
Following Jefferson's comments, Minneapolis Federal Reserve President Neel Kashkari said he expects additional rate increases will be needed to restrain the economy going into 2027, though he is unsure about whether the next move should happen later this month.
在纽约证券交易所，上涨股票的数量以1.04比1超过下跌股票的数量，而在纳斯达克，这一比例为1.02比1。
The S&P 500 recorded four new 52-week highs and 40 new lows, while the Nasdaq Composite reported 32 new highs and 265 new lows.
(Reporting by Chuck Mikolajczak; additional reporting by Johann M Cherian, Tharuniyaa Lakshmi, and Medha Singh in Bengaluru; Editing by Arun Koyyur, Anil D'Silva, and David Gregorio)
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原文出處：Source: Reuters ↗