市場捲土重來：科技的蓬勃發展掩蓋了經濟擔憂

經過週三的大部分下跌後，市場指數於2024 年5 月2 日週四大幅上漲。上漲1.57%，蘋果宣布了史上最大規模的股票回購，以及 Block Inc 和 Coinbase Global 強勁的獲利報告推動了積極的市場表現。

Market Rebounds with Stellar Tech Performance Amidst Economic Uncertainty

在經濟不確定的情況下，市場反彈，科技表現出色

Equity indices staged a remarkable recovery on Thursday, May 2nd, 2024, erasing losses from the previous day's downturn and rallying to notable gains. The Dow Jones Industrial Average surged by 322 points, representing a 0.85% increase, while the S&P 500 climbed by 0.91%. The Nasdaq Composite experienced an impressive 1.51% surge, buoyed by a 235-point gain. The small-cap Russell 2000 also rallied, recording a 1.57% rise, becoming the only index to remain in positive territory over the past five trading sessions.

2024 年 5 月 2 日星期四，股指出現顯著復甦，抹去了前一天的低迷損失，並大幅上漲。道瓊工業指數上漲 322 點，漲幅為 0.85%，標普 500 指數上漲 0.91%。那斯達克指數在上漲 235 點的推動下大幅上漲 1.51%。小型股羅素2000指數也上漲，上漲1.57%，成為過去五個交易日中唯一維持正值的指數。

Apple Inc. (AAPL), a technology behemoth, reported solid fiscal Q2 results that exceeded analysts' expectations. The company's earnings per share of $1.53 surpassed the consensus estimate by two cents, driven by revenues of $90.75 billion, slightly higher than the projected $89.99 billion. Apple's iPhone sales, however, fell short of estimates and declined by over 10% year-over-year. Despite this, the company announced a record-breaking share buyback program worth $110 billion and raised its dividend yield to 25 cents per share. AAPL shares surged by 3.5% in late trading, signaling the market's confidence in the company's long-term prospects.

科技巨擘蘋果 (AAPL) 公佈了穩健的第二季財報，超出了分析師的預期。該公司的每股收益為 1.53 美元，超出市場普遍預期 2 美分，營收為 907.5 億美元，略高於預期的 899.9 億美元。然而，蘋果 iPhone 的銷量卻低於預期，年減超過 10%。儘管如此，該公司還是宣布了一項價值 1100 億美元的創紀錄的股票回購計劃，並將股息收益率提高至每股 25 美分。蘋果股價尾盤上漲3.5%，顯示市場對該公司長期前景的信心。

Block Inc. (SQ), formerly known as Square, reported impressive revenue and earnings growth in its quarterly results. The company's earnings per share of 85 cents surpassed the Zacks consensus estimate of 62 cents and more than doubled the reported earnings of 40 cents per share in the year-ago quarter. Revenues reached $5.96 billion, significantly higher than the expected $5.75 billion. Block's cash app gross profit exhibited robust growth, increasing by 25% year-over-year to $6.98 billion. Shares of SQ soared by 10% in late trading, reflecting investors' optimism about the company's continued growth trajectory.

Block Inc. (SQ)（原名 Square）在季度業績中報告了令人印象深刻的收入和獲利成長。該公司的每股收益為 85 美分，超過了 Zacks 普遍預期的 62 美分，是去年同期報告的每股 40 美分收益的兩倍多。營收達59.6億美元，大幅高於預期的57.5億美元。 Block的現金應用毛利呈現強勁成長，較去年同期成長25%至69.8億美元。 SQ 股價尾盤飆漲 10%，反映出投資人對該公司持續成長軌跡的樂觀態度。

Coinbase Global Inc. (COIN), a leading cryptocurrency exchange, also announced stellar financial results for Q1. The company's earnings per share of $4.40 surpassed the anticipated $1.04, while revenues of $1.64 billion exceeded the expected $1.26 billion. EBITDA margins expanded by 62% year-over-year due to strong trading rates and rising crypto prices. Coinbase reported a quarterly trading volume of $312 billion. Despite the strong performance, shares of COIN gained only 9% ahead of the release and declined by 3% after the news, possibly due to profit-taking and uncertainty surrounding the cryptocurrency market's future.

領先的加密貨幣交易所 Coinbase Global Inc. (COIN) 也公佈了第一季出色的財務表現。該公司每股收益為4.40美元，超過預期的1.04美元，而營收為16.4億美元，超過預期的12.6億美元。由於強勁的交易率和不斷上漲的加密貨幣價格，EBITDA 利潤率較去年同期成長 62%。 Coinbase 公佈的季度交易量為 3,120 億美元。儘管表現強勁，但 COIN 的股價在消息發布前僅上漲了 9%，消息發布後下跌了 3%，這可能是由於獲利了結和加密貨幣市場未來的不確定性。

The travel sector also exhibited notable strength, with Booking.com (BKNG) and Expedia Group Inc. (EXPE) reporting robust Q1 results. Booking's earnings per share of $20.39 were significantly higher than the expected $14.03, and revenues of $4.42 billion exceeded the projected $4.25 billion. Expedia swung to profitability, reporting earnings per share of 21 cents versus the anticipated loss of 37 cents, on revenues of $2.89 billion, surpassing the consensus estimate of $2.80 billion. However, Booking's shares gained 5% in late trading, while Expedia's declined by 7%, reflecting investors' preference for Booking's exposure to Asian travel, which has been recovering more robustly.

旅遊業也表現出顯著的實力，Booking.com (BKNG) 和 Expedia Group Inc. (EXPE) 報告了強勁的第一季業績。 Booking的每股盈餘為20.39美元，大幅高於預期的14.03美元，營收為44.2億美元，超過預期的42.5億美元。 Expedia 轉虧為盈，每股收益 21 美分，而預期虧損 37 美分，營收 28.9 億美元，超過市場普遍預期的 28 億美元。不過，Booking 的股價在尾盤上漲了 5%，而 Expedia 的股價則下跌了 7%，反映出投資人對 Booking 的亞洲旅遊業務的偏好，而亞洲旅遊業的復甦勢頭更為強勁。

The positive market sentiment is noteworthy given the ongoing economic uncertainty. While the labor market remains resilient, with ADP reporting solid private-sector payroll gains for the month of April, concerns persist about inflation and the potential for a slowdown in the broader economy. The upcoming Employment Situation report from the U.S. government, scheduled for tomorrow, will provide crucial insights into the state of the labor market and could potentially influence the Federal Reserve's stance on interest rate policy. If the report shows a significant negative surprise, it could prompt the Fed to consider interest rate cuts sooner than anticipated.

鑑於持續的經濟不確定性，積極的市場情緒值得注意。儘管勞動力市場仍保持彈性，ADP 報告 4 月份私部門就業人數強勁成長，但對通膨和整體經濟放緩潛力的擔憂仍然存在。美國政府定於明天發布的就業情勢報告將為勞動力市場狀況提供重要見解，並可能影響聯準會對利率政策的立場。如果報告顯示出顯著的負面意外，可能會促使聯準會比預期更早考慮降息。

Despite the economic headwinds, the market's strong performance on Thursday suggests that investors are still optimistic about the long-term prospects of high-quality companies, particularly in the technology sector. The record-breaking share buyback announcement by Apple and the impressive growth reported by Block and Coinbase demonstrate the financial strength and innovation driving these companies. While uncertainty remains, these results provide encouragement that the market may be poised for further gains in the future.

儘管面臨經濟逆風，週四市場的強勁表現表明投資者仍然對優質公司的長期前景持樂觀態度，尤其是科技業。蘋果破紀錄的股票回購公告以及 Block 和 Coinbase 報告的令人印象深刻的成長表明了推動這些公司的財務實力和創新能力。儘管不確定性仍然存在，但這些結果鼓舞了市場未來可能會進一步上漲。