Wall Street stocks fell on Tuesday.
周二华尔街股市下跌。
The S&P 500 dropped 0.4%, the Dow fell about 190 points, and the Nasdaq lost 0.5%.
标普500指数跌0.4%,道指跌约190点,纳斯达克跌0.5%。
Oil prices kept rising, which made the market worry that inflation would stay high.
油价持续上涨,这让市场担心通胀会一直很高。
September started weakly, after all major indexes had monthly gains in August.
9月开局疲软,之前8月各主要指数都有月度涨幅。
But worries about rising prices, government debt, and global conflicts still hung over the market.
但物价上涨、政府债务和全球冲突等忧虑,仍然笼罩市场。
Tech stocks were one of the main factors pulling the market down.
科技股是拖累市场的主要因素之一。
Microsoft fell 1.3%, and AMD fell 2.4%.
微软下跌1.3%,超威半导体下跌2.4%。
These companies have large market values, so they have a big effect on the whole market.
这些公司市值很大,对整体市场影响也大。
Their AI business growth depends on borrowing, and higher interest rates make borrowing more expensive.
它们的AI业务增长依赖借贷,利率上升让借贷成本更高。
Wall Street remains under pressure, largely because US Treasury bonds are being sold off.
华尔街持续承压,很大程度上是因为美国国债被持续抛售。
The 10-year Treasury yield rose from 4.75% to 4.77%. The 2-year yield went from 4.34% to 4.37%.
10年期国债收益率从4.75%升至4.77%,2年期收益率从4.34%升至4.37%。
Higher yields mean bond prices fall, and investors ask for more return because government debt risk has grown.
收益率上升意味着债券价格下跌,投资者要求更高回报,因为政府债务风险增加。
Two weeks ago, US debt passed 40 trillion dollars.
两周前,美国债务突破40万亿美元。
Defense spending and interest on the deficit make up a large part of federal spending.
国防开支和赤字利息占联邦支出很大一部分。
The bond sell-off is global, and other countries face similar pressure.
债券抛售是全球性的,其他国家也面临类似压力。
Oil prices are a main source of pressure on inflation, bond yields, and the stock market.
油价是通胀、债券收益率和股市压力的主要来源。
Brent crude oil prices rose 2.3% to $92.61 per barrel.
布伦特原油价格上涨2.3%,至每桶92.61美元。
The ongoing war between the US and Iran has effectively closed the Strait of Hormuz. About 20% of the world's oil usually travels through it.
美国与伊朗的持续战争实际上已关闭霍尔木兹海峡,全球20%的石油通常由此运输。
Higher oil prices raise gas and transport costs, worsen inflation, and squeeze households and businesses.
油价上涨推高汽油和运输成本,加剧通胀,挤压家庭和企业。
Current inflation is well above 3%. Wall Street expects the Fed to raise interest rates before the end of the year.
当前通胀率远高于3%,华尔街预计美联储将在年底前加息。
Investors see a 66% chance of a rate hike at the September meeting.
投资者认为9月会议加息可能性为66%。
This week will bring job market data. Tuesday's report showed a slight increase in job openings for July.
本周将发布就业市场数据,周二报告显示7月职位空缺略有增加。
The broader monthly report for August will be released on Friday.
8月更广泛月度报告将于周五发布。
European markets fell, while Asian markets were mixed.
欧洲市场下跌,亚洲市场涨跌互现。