US stocks hit a record as oil prices fall and inflation cools slightly
- The S&P 500, Dow Jones Industrial Average, and Nasdaq all finished higher, with the S&P 500 closing at a record.
- The advance followed a U.S. wholesale inflation report showing prices rose 4.7% in the past year, down from 5.5% in June and slightly below economists' expectations.
- Treasury yields fell, with the 10-year yield declining to 4.65% from 4.68% a day earlier.
- Brent crude fell 2.1% to $87.07 a barrel, easing some market concern about inflation.
- Rate traders priced in a lower chance of a Federal Reserve rate hike at its September meeting, according to CME Group data.
- Real-estate stocks gained, while Cisco shares fell sharply even after the company reported better-than-expected results.
U.S. stocks closed at record levels after fresh data suggested inflation was easing and oil prices fell. The S&P 500 rose 0.7% to a new high, while the Dow Jones Industrial Average and Nasdaq composite also advanced.
The main catalyst was a U.S. wholesale inflation report showing prices were 4.7% higher than a year earlier. That was cooler than June’s 5.5% pace and slightly better than economists expected, reinforcing hopes that the Federal Reserve may not need to raise rates as soon as traders had feared.
Bond yields slipped as investors adjusted their rate outlook, and Brent crude also moved lower, helping reduce pressure on inflation-sensitive parts of the market. Real-estate shares were among the stronger performers, while Cisco fell despite reporting stronger-than-expected profit and revenue.
The report points to a mixed but positive market backdrop for stocks and a mildly negative one for oil. For equity markets, especially rate-sensitive sectors, the data was supportive; for crude oil, the move was unfavorable.
油价下跌、通胀放缓 美股创历史新高
美国股市在通胀继续放缓、油价下跌后收于历史高位。标普500指数上涨0.7%，创下新高，道指和纳指也同步走高。
推动市场的主要因素是美国批发通胀数据。最新报告显示，批发价格较一年前上涨4.7%，低于6月的5.5%，也略好于经济学家预期，这让市场对美联储短期内加息的担忧有所降温。
随着利率预期调整，国债收益率回落，布伦特原油也下跌，缓解了市场对通胀的压力。房地产类股票表现较好，而思科虽然公布的利润和营收高于预期，股价仍明显下跌。
从市场影响看，这则消息对股票整体偏利好，尤其有利于对利率敏感的板块；对原油则偏利空。