US stocks fell on Tuesday, ending a three-day long weekend.
美国股市周二下跌,结束了三天长周末。
The S&P 500 index dropped 0.6%.
标普500指数跌0.6%。
The Dow Jones Industrial Average fell 628 points, a drop of 1.2%.
道琼斯工业平均指数跌628点,跌幅1.2%。
The Nasdaq Composite index fell 0.3%.
纳斯达克综合指数跌0.3%。
The main reason for the decline was that the latest fighting with Iran pushed up oil prices.
下跌的主要原因是与伊朗的最新战事推高了油价。
Brent crude oil briefly rose to $99.46 per barrel, then fell back to $97.92, up 0.9%.
布伦特原油一度升至每桶99.46美元,随后回落至97.92美元,上涨0.9%。
Oil prices have kept rising since about $72 in early July.
自7月初约72美元以来,油价持续上涨。
The reason is that conflict in the Middle East has increased, and global oil supply is limited.
原因是中东冲突加剧,全球石油供应受限。
Rising oil prices make people more worried that high inflation will affect them and businesses.
油价上涨让民众更担心高通胀会影响他们和企业。
Two important inflation reports will be released later this week.
本周晚些时候将公布两份重要通胀报告。
On Thursday, the US government will release the August wholesale inflation report.
周四,美国政府将公布8月份批发层面通胀报告。
Economists expect the inflation rate to rise from 4.7% in July to 5.4%.
经济学家预计,通胀率将从7月的4.7%升至5.4%。
The consumer inflation report will come out on Friday.
周五将公布消费者通胀报告。
The rate is expected to slow slightly from 3.4% in July to 3.3%. But it is still far above the Fed's 2% target.
预计通胀率将从7月的3.4%略微放缓至3.3%,但仍远高于美联储设定的2%目标。
These reports will be the last data before the Fed meets next week to decide rates.
这些报告将是美联储下周开会决定利率政策前的最后一批数据。
President Donald Trump has been pushing for lower interest rates.
总统唐纳德·特朗普一直游说降低利率。
The new Fed chair, Kevin Warsh, said he wants to give fewer hints to markets. He spoke about short-term rate plans.
美联储新任主席凯文·沃什表示,他希望减少向金融市场透露短期利率计划的线索。
Traders expect about a 60% chance that the Fed will raise its key rate at its meeting on September 16.
交易员预计,美联储在9月16日会议结束时上调联邦基金利率的概率接近60%。
In the bond market, the 10-year US Treasury yield rose from 4.78% to 4.79%. It is close to its highest level since autumn 2023.
在债券市场,10年期美国国债收益率从4.78%升至4.79%,接近2023年秋季以来的最高水平。
For individual stocks, Boston Scientific fell 5.9% because a cybersecurity incident may affect its earnings outlook.
个股方面,波士顿科学公司下跌5.9%,因网络安全事件可能影响其业绩预期。
Novartis shares dropped sharply by 13.9% because its therapy research progress was disappointing.
诺华公司股票暴跌13.9%,因其疗法研究进展令人失望。
Qualcomm rose 3.2% after announcing a partnership with Amazon.
高通公司上涨3.2%,因宣布与亚马逊合作。
In overseas markets, Japan's Nikkei 225 fell 1.7% as a stronger yen hurt export stocks.
海外市场中,日本日经225指数下跌1.7%,受日元走强打击出口股。
Hong Kong's Hang Seng Index dropped 0.4%.
香港恒生指数下跌0.4%。
Shanghai's SSE Composite rose 0.2% after China reported that August exports grew 25% from a year earlier.
上海上证指数上涨0.2%,此前中国公布8月出口同比增长25%。