<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>早餐新闻：八月市场动能</h2>
<p>###2025 年 9 月 2 日</p>
<table>
<thead>
<tr>
<th>周五市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500 指数</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
<p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg"/></p>
<h2>1. 八月市场反弹显示强劲广度</h2>
<p>标准普尔 500 指数在八月上涨了 1.9%，接近历史高点，改善的广度表明反弹是健康的，因为近 70% 的成分股交易价格高于其 50 日和 200 日移动平均线。</p>
<ul>
<li><strong>主要指数连续第四个月上涨：</strong> <strong>阿尔贝马尔</strong>(ALB -0.07%) 表现最佳，上涨 26.8%，因锂生产商受益于锂价的急剧上涨。第二名是 <strong>英特尔</strong>(INTC -2.29%)，在美国政府宣布被动投资后飙升 25%。</li>
<li><strong>九月是股市历史上表现较弱的月份：</strong> 在过去五年中，标准普尔 500 指数在九月平均下跌 4.2%，在过去十年中该月平均下跌 2%。</li>
</ul>
<h2>2. 软件收益成为焦点</h2>
<p>_隐藏的宝石_推荐的 <strong>Zscaler</strong>(ZS -1.20%) 将在周二收盘后发布财报。在上个季度获得重大客户胜利后，投资者将关注该网络安全公司进一步的雄心勃勃的增长计划。</p>
<ul>
<li><strong>连续四个季度超出每股收益预期：</strong> <strong>Salesforce</strong>(CRM 0.72%) 将在周三收盘后发布季度财报。_规则破坏者_推荐预计将显示收入和利润的增长，因为人工智能和云计算的采用持续增加。</li>
<li><strong>两家关键的软件即服务提供商：</strong> <strong>Braze</strong>(BRZE 1.24%) 和 <strong>DocuSign</strong>(DOCU 1.37%) 将在周四的盘后交易中发布财报。上个季度，这两家公司更新的全年预测均令人失望。</li>
</ul>
<h2>3. 周四继续发布显著财报</h2>
<p>_股票顾问_推荐的 <strong>Lululemon</strong>(LULU -1.46%) 将在周四收盘后发布财报，投资者希望看到与关税相关的压力和上个季度疲弱的宏观经济情绪是否有所缓解。</p>
<ul>
<li><strong>我们 Moneyball 数据库中的超级评分为 75：</strong> <strong>博通</strong>(AVGO -3.70%) 也计划在周四收盘后发布财报，继续受益于人工智能驱动的需求。</li>
<li><strong>北美交易流的更新可能：</strong> <strong>Endava</strong>(DAVA 0.48%) 将在周四市场开盘前发布财报，因上个季度财报后由于前景令人失望，股价在一周内下跌了 24%。</li>
</ul>
<h2>4. 就业数据将指导美联储政策</h2>
<p>本周的劳动市场数据将于周三公布职位空缺和劳动流动调查（JOLTS）数据，周四的 ADP 就业变化预计将显示每月净增加 8 万，作为周五非农就业数据的前兆。</p>
<ul>
<li><strong>数据预计显示劳动市场放缓：</strong> 共识预期的非农就业人数为 7.5 万，较之前的 7.3 万略有下降，平均时薪预计将从 3.9% 降至 3.7%，失业率预计将从 7 月的 4.2% 上升至 4.3%。</li>
<li><strong>关键信息将指导即将召开的美联储会议：</strong> 本周的就业数据，以及下周的生产者价格指数和消费者价格指数的通胀数据，将影响 9 月 16-17 日美联储会议的货币政策行动。</li>
</ul>
<h2>5. 你的看法</h2>
<p>你的投资组合中有多少资金处于现金状态，而有多少资金投资于股票？为什么这个比例在现在是这样的？与朋友和家人讨论，或者成为会员，听听其他投资者的看法。</p>

英特尔

博通

<p>八月份的市场反弹使标准普尔 500 指数上涨了 1.9%，接近历史最高点，70% 的股票位于关键移动平均线之上。阿尔贝马尔和英特尔表现突出。然而，九月份在历史上对股票来说通常较弱。预计将发布 Zscaler、Salesforce、Lululemon 和博通的关键财报。本周的劳动力市场数据将影响美联储政策，预计就业增长放缓，失业率略有上升。投资者被鼓励评估他们的现金与股票投资的比例</p>

<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png" alt="" original-src="https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>Breakfast News: August Market Momentum</h2>
<div class="lb-trans"><h2>早餐新闻：八月市场动能</h2>
</div><h3>September 2, 2025</h3>
<div class="lb-trans"><p>###2025 年 9 月 2 日</p>
</div><table>
<thead>
<tr>
<th>Friday's Markets</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>S&amp;P 500</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>Nasdaq</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>Dow</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>Bitcoin</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>周五市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500 指数</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
</div><p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg" alt="" original-src="https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg?1756809612"/></p>
<h2>1. August's Market Rally Shows Strong Breadth</h2>
<div class="lb-trans"><h2>1. 八月市场反弹显示强劲广度</h2>
</div><p>The S&amp;P 500 posted a 1.9% gain during August and finished close to record highs, with improving breadth suggesting the rally is healthy, as nearly 70% of constituents are trading above their 50- and 200-day moving averages.</p>
<div class="lb-trans"><p>标准普尔 500 指数在八月上涨了 1.9%，接近历史高点，改善的广度表明反弹是健康的，因为近 70% 的成分股交易价格高于其 50 日和 200 日移动平均线。</p>
</div><ul>
<li><strong>Fourth straight monthly gain for the main index: Albemarle</strong>(ALB -0.07%) was the best performer, climbing 26.8%, as the lithium producer got a bump thanks to the sharp rise in the lithium price. In second was <strong>Intel</strong>(INTC -2.29%), which soared 25% after the U.S. government announced a passive investment.</li>
<li><strong>September a historically weak month for the stock market:</strong> The S&amp;P 500 has declined by an average of 4.2% in September during the last five years, with it down by 2% on average during the month over the past decade.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>主要指数连续第四个月上涨：</strong> <strong>阿尔贝马尔</strong>(ALB -0.07%) 表现最佳，上涨 26.8%，因锂生产商受益于锂价的急剧上涨。第二名是 <strong>英特尔</strong>(INTC -2.29%)，在美国政府宣布被动投资后飙升 25%。</li>
<li><strong>九月是股市历史上表现较弱的月份：</strong> 在过去五年中，标准普尔 500 指数在九月平均下跌 4.2%，在过去十年中该月平均下跌 2%。</li>
</ul>
</div><h2>2. Software Earnings Take Center Stage</h2>
<div class="lb-trans"><h2>2. 软件收益成为焦点</h2>
</div><p><em>Hidden Gems</em> recommendation <strong>Zscaler</strong>(ZS -1.20%) reports after the closing bell on Tuesday. After scoring big client wins last quarter, investors will be watching out for further ambitious growth plans from the cybersecurity business.</p>
<div class="lb-trans"><p>_隐藏的宝石_推荐的 <strong>Zscaler</strong>(ZS -1.20%) 将在周二收盘后发布财报。在上个季度获得重大客户胜利后，投资者将关注该网络安全公司进一步的雄心勃勃的增长计划。</p>
</div><ul>
<li><strong>Earnings per share expectations beaten for four straight quarters:</strong> After the market closes on Wednesday, <strong>Salesforce</strong>(CRM 0.72%) releases quarterly earnings. The <em>Rule Breakers</em> rec is expected to show growth in revenue and profits, as AI and cloud adoption continues.</li>
<li><strong>Two key software-as-a-service providers:</strong> <strong>Braze</strong>(BRZE 1.24%) and <strong>DocuSign</strong>(DOCU 1.37%) both report Thursday in post-market trading. Last quarter, both companies underwhelmed with updated full-year forecasts.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>连续四个季度超出每股收益预期：</strong> <strong>Salesforce</strong>(CRM 0.72%) 将在周三收盘后发布季度财报。_规则破坏者_推荐预计将显示收入和利润的增长，因为人工智能和云计算的采用持续增加。</li>
<li><strong>两家关键的软件即服务提供商：</strong> <strong>Braze</strong>(BRZE 1.24%) 和 <strong>DocuSign</strong>(DOCU 1.37%) 将在周四的盘后交易中发布财报。上个季度，这两家公司更新的全年预测均令人失望。</li>
</ul>
</div><h2>3. Notable Earnings Continue on Thursday</h2>
<div class="lb-trans"><h2>3. 周四继续发布显著财报</h2>
</div><p><em>Stock Advisor</em> rec <strong>Lululemon</strong>(LULU -1.46%) releases earnings on Thursday after hours, with investors wanting to see if tariff-related pressures and weak macroeconomic sentiment from last quarter has eased off.</p>
<div class="lb-trans"><p>_股票顾问_推荐的 <strong>Lululemon</strong>(LULU -1.46%) 将在周四收盘后发布财报，投资者希望看到与关税相关的压力和上个季度疲弱的宏观经济情绪是否有所缓解。</p>
</div><ul>
<li><strong>Superscore</strong> <strong>of 75 in our Moneyball database: Broadcom</strong>(AVGO -3.70%) is also scheduled to put out results after the market closes on Thursday, as it continues to ride on the coattails of AI-driven demand.</li>
<li><strong>Update on North America deal flow likely:</strong> <strong>Endava</strong>(DAVA 0.48%) reports before the market opens on Thursday, with caution ahead following the 24% stock price drop in the week following last quarter's earnings due to a disappointing outlook.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>我们 Moneyball 数据库中的超级评分为 75：</strong> <strong>博通</strong>(AVGO -3.70%) 也计划在周四收盘后发布财报，继续受益于人工智能驱动的需求。</li>
<li><strong>北美交易流的更新可能：</strong> <strong>Endava</strong>(DAVA 0.48%) 将在周四市场开盘前发布财报，因上个季度财报后由于前景令人失望，股价在一周内下跌了 24%。</li>
</ul>
</div><h2>4. Jobs Data to Guide Fed's Policy</h2>
<div class="lb-trans"><h2>4. 就业数据将指导美联储政策</h2>
</div><p>Labor market data this week kicks off with Job Openings and Labor Turnover Survey (JOLTS) numbers on Wednesday, with the ADP employment change on Thursday expected to show a monthly net 80k addition, providing a precursor for Non-Farm Payrolls on Friday.</p>
<div class="lb-trans"><p>本周的劳动市场数据将于周三公布职位空缺和劳动流动调查（JOLTS）数据，周四的 ADP 就业变化预计将显示每月净增加 8 万，作为周五非农就业数据的前兆。</p>
</div><ul>
<li><strong>Data expected to show a slowing labor market:</strong> The consensus headline payrolls print is 75k, a small drop from the 73k prior reading, with average hourly earnings likely to fall from 3.9% to 3.7%, and a move higher in the unemployment rate to 4.3% from 4.2% in July.</li>
<li><strong>Key information to guide the upcoming Federal Reserve meeting:</strong> The employment data this week, followed by Producer Price Index and Consumer Price Index inflation readings next week, will influence the monetary policy actions at the September 16-17 Fed meeting.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>数据预计显示劳动市场放缓：</strong> 共识预期的非农就业人数为 7.5 万，较之前的 7.3 万略有下降，平均时薪预计将从 3.9% 降至 3.7%，失业率预计将从 7 月的 4.2% 上升至 4.3%。</li>
<li><strong>关键信息将指导即将召开的美联储会议：</strong> 本周的就业数据，以及下周的生产者价格指数和消费者价格指数的通胀数据，将影响 9 月 16-17 日美联储会议的货币政策行动。</li>
</ul>
</div><h2>5. Your Take</h2>
<div class="lb-trans"><h2>5. 你的看法</h2>
</div><p>How much of your investment portfolio is sitting in cash versus being invested in stocks, and why that percentage right now? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.</p>
<div class="lb-trans"><p>你的投资组合中有多少资金处于现金状态，而有多少资金投资于股票？为什么这个比例在现在是这样的？与朋友和家人讨论，或者成为会员，听听其他投资者的看法。</p>
</div>

Breakfast News: August Market Momentum

- 8 月市场表现强劲，S&P 500 上涨 1.9%，接近历史高点。
- 9 月通常是股市疲软的月份，过去五年平均下跌 4.2%。
- 本周就业数据将影响美联储政策，预计非农就业人数为 75,000。

早餐新闻：八月市场动向