投資人關注聯準會下一步政策舉措，華爾街開盤低迷

調查顯示商業活動穩定，緩解了對即將到來的經濟衰退的擔憂，標準普爾 500 指數和藍籌道瓊斯指數在前一交易日收於歷史新高

Wall Street's main indexes were set to open largely unchanged on Tuesday as investors awaited more cues on the Federal Reserve's next policy move, while commodity stocks got a boost after China unveiled its biggest stimulus since the pandemic.

由於投資者等待聯準會下一步政策舉措的更多線索，華爾街主要股指周二開盤基本持平，而在中國推出自大流行以來最大規模的刺激措施後，大宗商品股受到提振。

The S&P 500 and the blue-chip Dow closed at record highs in the previous session after a survey signaling steady business activity soothed concerns of an imminent recession, and as a number of policymakers supported further policy easing by the Fed.

標準普爾 500 指數和藍籌道瓊斯指數在前一交易日收於歷史新高，此前一項調查顯示商業活動穩定，緩解了人們對即將到來的經濟衰退的擔憂，並且許多政策制定者支持美聯儲進一步放鬆政策。

Yields on longer-dated Treasury bonds rose as traders priced in a greater likelihood of the economy achieving growth with low inflation and unemployment.

由於交易員認為經濟在低通膨和失業率的情況下實現成長的可能性更大，長期國債殖利率上升。

However, with the benchmark index's valuations high above long-term averages and clarity still lacking about the size of the Fed's next move, some investors stayed away from big bids.

然而，由於基準指數的估值高於長期平均水平，且聯準會下一步行動規模仍缺乏明確性，一些投資者放棄了大舉買入。

"Everybody is waiting for the next shoe to drop. We had a good rally last week on the Fed news, but we are still in this holding pattern," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh, Pennsylvania.

賓州匹茲堡Bokeh Capital Partners 首席投資長金·福雷斯特(Kim Forrest) 表示：「每個人都在等待下一隻鞋子落下。上週聯準會消息推動我們出現了良好的反彈，但我們仍處於持有模式。

"Between now and the time the Fed meets, we'll have a couple of jobs reports. They've told us unemployment now is the thing that's driving rate cut decisions. The soft landing is when unemployment doesn't start skyrocketing."

「從現在到聯準會開會期間，我們將發布幾份就業報告。他們告訴我們，現在的失業率是推動降息決定的因素。軟著陸是指失業率不再開始飆升。”

At 8:35 a.m. ET, Dow E-minis were up 35 points, or 0.08%, S&P 500 E-minis were up 1.5 points, or 0.03%, and Nasdaq 100 E-minis were up 15.25 points, or 0.08%.

截至美國東部時間上午8:35，道瓊指數E-mini 指數上漲35 點，漲幅0.08%，標準普爾500 E-mini 指數上漲1.5 點，漲幅0.03%，那斯達克100 E-mini 指數上漲15.25 點，漲幅0.08%。

The Fed's decision to commence its policy easing cycle last week sparked a market rally that has propped up Wall Street's main indexes for monthly gains and set on track to defy the historical trend of losses on average in September.

聯準會上週決定開始其政策寬鬆週期，引發市場反彈，支撐華爾街主要股指月漲，並有望打破 9 月平均下跌的歷史趨勢。

Fed Governor Michelle Bowman's remarks are in focus on the day. She had voted for a 25 basis point rate reduction on signs of persistent price pressures, as opposed to the larger 50 bps rate cut the central bank delivered in the previous week.

聯準會理事米歇爾·鮑曼的言論成為當天的焦點。由於物價壓力持續存在的跡象，她投票支持降息 25 個基點，而不是上週央行大幅降息 50 個基點。

Traders are now pricing in the Fed's November decision to be a coin toss, with bets neither strongly favoring a 50 bps nor a 25 bps reduction, as per the CME Group's FedWatch Tool.

根據 CME 集團的 FedWatch 工具，交易員目前將聯準會 11 月的決定定價為拋硬幣，既不強烈支持降息 50 個基點，也不強烈支持降息 25 個基點。

"The market is pricing in a 50-50 chance of 25 or 50 basis points (rate cut) at the next meeting. That seems a bit aggressive to me. I think it will be 25 (basis points),’’ Forrest added.

「市場預計下次會議上降息 25 或 50 個基點（降息）的可能性為 50-50。這對我來說似乎有點激進。我認為降息將是 25 個基點，」Forrest 補充道。

On the data front, a survey by the Conference Board, due at 10:00 a.m. ET, is expected to show consumer confidence improved in September from the previous month. Still, the main focus will be weekly jobless claims and personal consumption expenditure data, expected later in the week.

在數據方面，世界大型企業聯合會將於美國東部時間上午 10 點進行的一項調查預計將顯示 9 月消費者信心較上月有所改善。不過，主要焦點將是預計本週稍後公佈的每週失業救濟金申請和個人消費支出數據。

Among top premarket movers, U.S.-listed shares of Chinese firms such as Alibaba (NYSE:BABA) rose 5.4%, PDD Holdings (NYSE:PDD) added 4.6%, and Li Auto advanced 8% after the world's second-largest economy unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk.

在盤前漲幅最大的股票中，阿里巴巴(NYSE:BABA) 等在美國上市的中國公司股價上漲5.4%，PDD Holdings (NYSE:PDD) 上漲4.6%，在全球第二大經濟體公佈其經濟數據後，理想汽車(Li Auto) 上漲8%。

The upbeat mood also lifted copper and lithium miners. Freeport-McMoRan (NYSE:FCX) added 4.8%, Southern Copper (NYSE:SCCO) rose 4.5%, Albemarle (NYSE:ALB) advanced 4.3%, and Arcadium (NYSE:ALTM) climbed 2.8%.

樂觀情緒也提振了銅礦和鋰礦商。 Freeport-McMoRan (NYSE:FCX) 上漲 4.8%，Southern Copper (NYSE:SCCO) 上漲 4.5%，Albemarle (NYSE:ALB) 上漲 4.3%，Arcadium (NYSE:ALTM) 上漲 2.8%。

Oil companies Chevron (NYSE:CVX) added 1%, SLB (NYSE:SLB) rose 1.6%, and Occidental Petroleum (NYSE:OXY) gained 1.5%, tracking a 2% jump in crude prices.

石油公司雪佛龍 (NYSE:CVX) 上漲 1%，SLB (NYSE:SLB) 上漲 1.6%，西方石油公司 (NYSE:OXY) 上漲 1.5%，跟隨原油價格上漲 2%。

Visa (NYSE:V) lost 2.1% after a report showed the U.S. Department of Justice plans to file a lawsuit against the payments network operator, alleging that it illegally monopolized the country's debit card market.

Visa (NYSE:V) 下跌 2.1%，此前有報告顯示美國司法部計劃對這家支付網路營運商提起訴訟，指控其非法壟斷該國借記卡市場。

Salesforce (NYSE:CRM) rose 1.9% after Piper Sandler upgraded the software company to "overweight" from "neutral".

Piper Sandler 將軟體公司 Salesforce 從「中性」上調至「增持」後，該公司股價上漲 1.9%。