Reuters-Futures drop as rate worries keep Treasury yields near recent peaks
September 26, 2023 3 min 507 words
这篇报道反映了当前美国市场的一些重要趋势和担忧。首先，美国股指期货下跌，主要是因为投资者对美联储可能实行长期紧缩货币政策以及其对经济的影响感到担忧。此外，即将到来的美国政府部分关门事件也增加了投资者的不安情绪，而穆迪评级机构认为这可能会对信用产生负面影响。 在这种环境下，大型科技巨头如苹果、微软、Meta Platforms和特斯拉在盘前交易中都出现了下跌，这表明市场对于高估值成长股的担忧。亚马逊股价在周一因计划投资知名初创公司Anthropic而上涨，但在本篇报道中也显示了下滑。 此外，美国股市三大主要指数将迎来今年首次季度下滑，这是一个令人担忧的迹象。而美国国债的两年期和十年期收益率创下多年来的高点，这主要是受到美联储鹰派的长期利率前景影响，其他主要中央银行也持有相似的立场。这意味着市场对于利率不会很快下降，并将在较长一段时间内保持紧缩状态的担忧日益加重，这可能会限制经济增长，对企业经营环境造成更多困难。 总的来说，这篇报道反映了当前市场的不确定性和担忧，投资者需要密切关注美联储的政策动向以及其他经济数据，以更好地应对市场波动。同时，对于中国公司的股价下跌，也与经济和地缘政治紧张局势有关，这是值得关注的另一个方面。最后，DraftKings的股价上涨则受到了J.P.摩根的股票评级提升的推动，这表明市场仍有机会。
U.S. stock index futures declined on Tuesday as investors continued to grapple with the prospects of a prolonged restrictive monetary policy by the Federal Reserve and its subsequent impact on the economy.
Adding to investor anxiety was the likelihood of a partial shutdown of the U.S. government by Sunday, which according to ratings agency Moody's is likely to be a "credit negative".
Megacap growth stocks including Apple (AAPL.O), Microsoft (MSFT.O), Meta Platforms (META.O) and Tesla (TSLA.O) lost between 0.5% and 1.3% in premarket trading.
Amazon.com shares (AMZN.O) also dipped 0.5% after boosting Wall Street on Monday on its plans to invest in the high-profile startup, Anthropic.
At 7:12 a.m. ET, Dow e-minis were down 157 points, or 0.46%, S&P 500 e-minis were down 23.75 points, or 0.54%, and Nasdaq 100 e-minis were down 92.25 points, or 0.62%.
All three major U.S. stock indexes are set to log quarterly declines for the first time this year heading into the last trading days of September.
Pressuring equities, the benchmark two- and 10-year Treasury yields have scaled multi-year highs after the Fed's hawkish longer-term rate outlook, a stance also projected by other major central banks.
"There is a growing sense of despondency that rates will not come down any time soon, and that they will remain in restrictive territory for an extended period, hampering growth and making for a more difficult economic environment for companies to operate in," said Stuart Cole, chief macro economist at Equiti Capital.
Traders' bet on the benchmark rate remaining unchanged in November and December stood close to 80% and 59%, respectively, according to CME's FedWatch tool. Meanwhile, a 25-basis-point rate cut is being priced in as early as March, growing to over 33% in June and July.
Investors will keep an eye out for the consumer confidence index for September and a report on new home sales for August, due after the opening bell.
Through the week, data including on durable goods, the personal consumption expenditures price index for August, second-quarter gross domestic product, as well as remarks by Fed policymakers such as Chair Jerome Powell will be monitored.
Minneapolis Fed President Neel Kashkari on Monday noted the need for raising borrowing costs to tame inflation in light of a surprisingly resilient economy, while Chicago Fed chief Austan Goolsbee in a CNBC interview said inflation above 2% target remains a greater risk than the scope of a slowing economy.
Meanwhile, a Goldman Sachs report showed hedge funds increased their bearish bets mainly on U.S. stocks last week, with clients mostly adding short positions and getting rid of long positions. Consumer discretionary, industrials and financials were the most net sold.
U.S.-listed shares of Chinese firms JD.com , PDD Holdings (PDD.O) and Xpeng were down between 1.3% and 3% on economic concerns and geopolitical tensions.
DraftKings (DKNG.O) rose 3% after J.P. Morgan upgraded the online sports and gaming company's stock to "overweight" from "neutral".