科技股和小型股——從六月低點小幅反彈的兩個最強勁板塊——在這個下跌的交易日受到的打擊最為嚴重。
Tech and small-cap stocks led the decline on Wednesday as investors awaited key inflation data. The Dow Jones Industrial Average fell 56.03 points, or 0.17%, to 32,027.09. The S&P 500 lost 16.74 points, or 0.42%, to 4,008.85. The Nasdaq Composite dropped 150.40 points, or 1.19%, to 12,317.66.The tech-heavy Nasdaq and small-cap Russell 2000 , which has gained 12% in the past month, led the declines on Wednesday, falling 1.19% and 1.58%, respectively, ahead of the CPI report. Markets typically experience a sell-off in the lead-up to major economic prints.
由於投資人等待關鍵通膨數據，科技股和小型股週三領跌。道瓊工業指數下跌 56.03 點，跌幅 0.17%，至 32,027.09 點。標普 500 指數下跌 16.74 點，跌幅 0.42%，至 4,008.85 點。那斯達克指數下跌 150.40 點，跌幅 1.19%，至 12,317.66 點。在CPI報告之前。市場通常會在主要經濟出版物發布之前經歷拋售。
CPI is expected to ease 40 basis points month-over-month to +8.7%—still notably high—on +6.1% core, which would mark an increase of 20 basis points month-over-month. While traders will be watching these pending figures closely, even a strong surprise to the downside, such as 6% headline and 4% core, would still leave inflation well above the Fed’s optimal levels. As such, even very good CPI numbers are unlikely to deter the central bank from continuing to hike the Fed funds rate.
CPI 預計將環比下降 40 個基點至 +8.7%，核心值 +6.1%，仍顯著較高，這意味著環比上漲 20 個基點。儘管交易員將密切關注這些懸而未決的數據，但即使是大幅下行，例如 6% 的整體成長率和 4% 的核心成長率，仍將使通膨遠高於聯準會的最佳水平。因此，即使消費者物價指數非常好，也不太可能阻止央行繼續升息。
The markets have also been in a holding pattern of sorts in August, with no Fed meeting to gauge interest rate hikes. We’re now in “watch the petri dish” mode, observing the Fed’s handiwork in drips and drabs of economic data. July CPI will be the biggest, arguably, of the entire month, with last Friday’s robust jobs report already in the books. But there will also be Housing Starts and Retail Sales next week, which should also color in our current picture.Two companies that went public during the pandemic reported their Q2 results after the closing bell Tuesday, and both missed the mark on the bottom line by a wide margin. Coinbase Global COIN lost -$4.98 per share in the quarter, and Roblox RBLX came in at -$0.30 per share. This compares unfavorably to the Zacks consensus of -$3.04 per share and -23 cents, respectively.We moderate a bit on quarterly sales; Coinbase brought in $808 million, which fell short of the $877 million analysts were expecting and was down 31% quarter over quarter and 64% year over year. Roblox, on the other hand, beat expectations in the quarter on revenues—$640 million versus $636.6 million expected, with Daily Active Users (DAU) up 21% year over year. Coinbase counted 9 million users on net trading volume, which was down 53% from a year ago.It’s the videogame maker that’s really taking the hit in late trading, down 12%; the crypto exchange platform is down 3.5% at this hour. Both companies have struggled to meet bottom-line expectations in the quarters since their initial public offerings in early 2021, as the waning pandemic has dimmed their fortunes somewhat. Coinbase is down 65% year to date, and Roblox is down 52%. Lower guidance from both could lead to lower near-term Zacks Ranks for the #3- (Hold) rated stocks.Wynn Resorts WYNN took an expected hit from shutdowns at its Macau locations due to government-mandated Covid closures in the quarter just reported but outperformed on its bottom line: -82 cents per share versus -94 cents expected (and the -$1.12 per share reported a year ago) on $909 million in revenues, which fell short of the $1.01 billion Zacks consensus. Bigger-than-expected gains in Las Vegas and Boston Harbor properties helped to offset the weakness in its Macau businesses.
八月市場也處於某種停滯狀態，而聯準會沒有召開會議來衡量升息。我們現在處於「觀察培養皿」模式，觀察聯準會在點滴經濟數據中的表現。 7 月 CPI 可以說是整個月中最高的，上週五強勁的就業報告已經公佈。但下週還將有新屋開工和零售銷售數據，這也應該會影響我們目前的情況。達標。 Coinbase Global COIN 本季每股下跌 4.98 美元，Roblox RBLX 每股下跌 0.30 美元。這與 Zacks 每股 - 3.04 美元和 -23 美分的共識相比不利。 Coinbase 帶來 8.08 億美元的收入，低於分析師預期的 8.77 億美元，季減 31%，年減 64%。另一方面，Roblox 本季的營收超出預期，達到 6.4 億美元，而預期為 6.366 億美元，每日活躍用戶 (DAU) 較去年同期成長 21%。 Coinbase 的淨交易量為 900 萬用戶，比一年前下降了 53%。加密貨幣交易平台此時下跌 3.5%。自 2021 年初首次公開募股以來，這兩家公司在幾個季度都難以達到底線預期，因為疫情的減弱在一定程度上削弱了它們的命運。 Coinbase 今年迄今下跌 65%，Roblox 下跌 52%。兩家公司較低的指引可能會導致排名第三（持有）評級的股票的近期Zacks 排名下降。但其獲利表現優於大盤：每股-82美分，而預期為-94美分（以及一年前報告的每股-1.12美元），營收為9.09億美元，低於Zacks 10.1 億美元的共識。拉斯維加斯和波士頓港物業的漲幅超乎預期，有助於抵消其澳門業務的疲軟。
