納斯達克指數(shù)站上6000點
納斯達克綜合指數(shù)(Nasdaq Composite)昨日突破6000點，投資者大舉買入增長潛力較強的科技股和小盤股，市場擔(dān)心唐納德•特朗普(Donald Trump)將無法通過減稅和龐大公共支出計劃來刺激通脹。
The rally, which extended the tech-heavy benchmark’s double-digit gain for the year, also saw the Russell 2000 index of small capitalisation stocks hit an all-time peak.
除了延續(xù)這個科技股集中的股指今年以來的兩位數(shù)漲幅外，此輪漲勢也把追蹤小盤股的羅素2000(Russell 2000)指數(shù)推升至歷史新高。
Until this month, Wall Street’s post-election rise has been driven by “Trumpflation” expectations that a Republican-controlled Washington would usher in a sweeping pro-business programme including deregulation, tax cuts and a $1tn infrastructure plan.
直到本月早些時候，華爾街的大選后漲勢一直是由“特朗普通脹”的預(yù)期驅(qū)動的，該預(yù)期認為共和黨控制的華盛頓將開啟一個全面的親商時代，具體舉措包括放松管制、減稅和1萬億美元基礎(chǔ)設(shè)施建設(shè)計劃。
But recent data showing unexpected weakening in consumer prices and signs Mr Trump is stumbling in his domestic agenda has reset forecasts, leading investors to hunt for companies with underlying growth prospects regardless of the macroeconomic environment.
但近期數(shù)據(jù)顯示消費價格指數(shù)(CPI)意外趨弱，同時有跡象顯示特朗普的國內(nèi)議程進展不順利，這促使市場調(diào)整預(yù)測，推動投資者追逐無論宏觀經(jīng)濟環(huán)境如何、潛在增長前景都較好的公司。
“This is a risk-on rally but not a reflation rally — one of the characteristics of this market year-to-date has been a strong outperformance by growth over value,” said Russ Koesterich, portfolio manager at BlackRock’s Global Allocation fund.
“此輪漲勢的驅(qū)動因素是風(fēng)險偏好上升，而不是對再通脹的預(yù)期——從年初至今，這個市場的特征之一是成長型股票的表現(xiàn)比價值型股票強勁得多，”貝萊德(BlackRock)全球配置基金(Global Allocation fund)投資組合經(jīng)理拉斯•克斯特里奇(Russ Koesterich)表示。
Renewed appetite for tech and a rally in the so-called Fangs — Facebook, Amazon, Netflix and Google-parent Alphabet — has spurred a near 12 per cent gain for the Nasdaq this year, well ahead of the S&P 500’s 6.5 per cent rise.
投資者對科技股再度胃口激增，加上所謂的Fang—— Facebook、亞馬遜(Amazon)、Netflix以及谷歌(Google)母公司Alphabet——的漲勢，推動納指今年以來上漲近12%，遠高于標(biāo)準普爾500(S&P 500)指數(shù)6.5%的漲幅。
Fang stocks have collectively added $245.8bn to their market values since the end of last year. All have hit new record highs this month. Smaller technology and biotechnology groups have also been bid up by investors.
自去年底以來，四只Fang股票總共增加了2458億美元的市值。它們在本月都創(chuàng)下新高。較小的科技股和生物科技股也被投資者推高。
Yesterday, the Nasdaq climbed as much as 0.7 per cent to 6,029.86 after closing at a fresh high on Monday.
昨日，納斯達克指數(shù)在周一收于創(chuàng)紀錄高位的基礎(chǔ)上，進一步上漲0.7%，至6029.68點，收于6025.49點。
Wall Street will closely scrutinise tech earnings, with several of the sector’s biggest names reporting tomorrow.
華爾街將密切關(guān)注科技股盈利數(shù)字，該行業(yè)有幾家規(guī)模最大的公司明日將報告業(yè)績。
Analysts reckon the sector will post earnings growth of at least 13 per cent in the first quarter, according to FactSet data, an uptick from 10 per cent pace notched in the final three months of 2016. Dennis DeBusschere, head of portfolio strategy at Evercore ISI, said tech gains could continue, particularly if the Federal Reserve was gradual in tightening monetary policy.
FactSet數(shù)據(jù)顯示，分析師們預(yù)計該行業(yè)將報告第一季度盈利增長至少13%，比2016年最后三個月10%的增長步伐有所加快。Evercore ISI投資組合戰(zhàn)略負責(zé)人丹尼斯•德布斯西爾(Dennis DeBusschere)表示，科技股的漲勢有望延續(xù)，尤其是在美聯(lián)儲(Federal Reserve)逐漸收緊貨幣政策的情況下。
