US stocks fell on Tuesday after trading resumed, ending a three-day holiday.
美國股市週二恢復交易後下跌,結束三日長假。
The conflict in the Middle East pushed up oil prices, and market pressure grew.
中東衝突推高油價,市場壓力變大。
The S&P 500 fell 0.6%. The Dow Jones Industrial Average dropped 628 points, or 1.2%. The Nasdaq Composite fell 0.3%.
標普500指數跌0.6%,道瓊工業指數跌628點,跌幅1.2%,那斯達克綜合指數跌0.3%。
Brent crude oil briefly rose to $99.46 per barrel, then fell back to $97.92, up 0.9%.
布蘭特原油一度升至每桶99.46美元,隨後回落至97.92美元,上漲0.9%。
Oil prices have kept rising from about $72 in early July. The reason is that the war in Iran got worse and global oil supply was blocked.
油價從7月初約72美元持續上漲,因為伊朗戰爭變嚴重,全球石油供應受阻。
Rising oil prices made the market worry more about high inflation.
油價上升讓市場更擔心高通膨。
There are two inflation reports this week, and people are watching closely.
本週有兩份通膨報告,大家很關注。
On Thursday, the U.S. government will release August wholesale inflation data. Economists expect it to rise from 4.7% in July to 5.4%.
週四,美國政府會發布8月批發通膨數據,經濟學家預期從7月的4.7%升至5.4%。
On Friday, a consumer price report will come out. It is expected to fall from 3.4% to 3.3%. But it is still much higher than the Fed's 2% target.
週五發布消費者物價報告,預期從3.4%降至3.3%,但仍遠高於聯準會2%目標。
These figures are the last ones before the Fed's meeting next week.
這些數據是聯準會下週會議前最後一批。
Traders expect about a 60% chance of a rate hike at the September 16 meeting.
交易員預期9月16日會議升息機率接近60%。
President Trump is pushing for lower rates. But the new Fed chair, Kevin Warsh, wants to reveal less about rate plans.
美國總統川普遊說降息,聯準會新任主席凱文·沃什則希望少透露利率計畫線索。
The 10-year Treasury yield rose to 4.79%, near its highest level since fall 2023.
10年期公債殖利率升至4.79%,接近2023年秋季以來最高。
In individual stocks, Boston Scientific fell 5.9% because a cybersecurity incident affected sales expectations.
個股方面,波士頓科學公司跌5.9%,因為網路安全事件影響銷售預期。
Novartis shares in the US dropped sharply by 13.9% because the results of a therapy study were disappointing.
諾華製藥在美股票暴跌13.9%,因為療法研究結果令人失望。
Qualcomm rose 3.2% and announced a partnership with Amazon to build AI data centers.
高通上漲3.2%,宣布與亞馬遜合作建設AI資料中心。
In overseas markets, the Nikkei 225 fell 1.7% because a stronger yen hurt exporters' value.
海外股市,日經225指數跌1.7%,因為日圓升值侵蝕出口商價值。
Hong Kong's Hang Seng Index fell 0.4%. Shanghai's SSE Composite rose 0.2% because China's exports grew 25% in August from a year earlier.
香港恆生指數跌0.4%,上海上證指數漲0.2%,因為中國8月出口年增25%。