<p>要点：</p>
<ul>
<li>期货下跌：道琼斯指数下跌 0.6%，标准普尔 500 指数下跌 0.7%，纳斯达克指数下跌 0.9%</li>
<li>百事股价上涨，因有报道称 Elliott 计划进行激进投资活动</li>
<li>黄金矿业公司股价上涨，因金价创下历史新高</li>
</ul>
<p>美国股指期货在周二下跌，投资者在长假归来后将注意力转向即将发布的重要经济报告，这些报告可能会影响美联储的货币宽松政策。</p>
<p>周五将发布的 8 月份非农就业报告是本周的重头戏，随后将发布每月的私人就业数据和职位空缺数据。</p>
<p>根据 CME 集团的 FedWatch 工具，市场预计本月晚些时候美联储会议上降息 25 个基点的概率约为 92%。</p>
<p>在 7 月份疲弱的就业报告后，投资者的鸽派倾向加重，美联储主席杰罗姆·鲍威尔在杰克逊霍尔研讨会上承认劳动力市场面临的风险日益增加，这帮助标准普尔 500 指数和道琼斯指数在 8 月份连续第四个月上涨。</p>
<p>纳斯达克指数上个月实现了连续第五个月的上涨。</p>
<p>在东部时间上午 7:40，道琼斯 E-mini 期货（YMcv1）下跌 253 点，跌幅为 0.55%；标准普尔 500 E-mini 期货下跌 47.75 点，跌幅为 0.74%；纳斯达克 100 E-mini 期货下跌 220.75 点，跌幅为 0.94%。</p>
<p>周二，美国长期国债收益率上升，10 年期和 30 年期（US30YT=RR）国债收益率达到一个多月来的最高水平，给股市带来压力。</p>
<p>CBOE 市场波动率指数也触及三个多星期以来的最高点，最后上涨 1.84 点，报 17.96。</p>
<p>根据高盛截至 8 月 25 日的数据，对冲基金在季节性疲软的九月初对购买美国股票仍持谨慎态度。</p>
<p>根据 LSEG 编制的数据，自 2000 年以来，标准普尔 500 指数在九月份平均下跌 1.5%，是其表现最差的月份。DataTrek Research 表示，这是自 1958 年以来，该指数的平均回报为负的唯一月份。</p>
<p>“九月历来是股市疲软的月份……关税不确定性、美联储的担忧以及季节性疲软的结合使市场处于紧张状态，” TradeNation 的高级市场分析师大卫·莫里森表示。</p>
<p>美国上诉法院周五裁定，特朗普总统的大部分关税是非法的，这削弱了他对这些关税的使用。</p>
<p>关于美联储独立性的担忧依然存在，因为特朗普持续攻击中央银行。</p>
<p>市场还将关注一系列零售商的季度财报，以评估美国消费者的强劲程度，因为特朗普的关税对经济的影响开始显现。</p>
<p>美国 8 月份的制造业活动数据将在市场开盘后发布。</p>
<p>一位白宫官员表示，特朗普将在周二就美国国防部发布相关公告。</p>
<p>在股票方面，黄金矿业公司在盘前交易中上涨，因金价创下历史新高。美国上市的 Harmony Gold 股价上涨 6.6%，Kinross Gold 上涨 3%，Newmont 上涨 2%。</p>
<p>百事股价上涨 4.7%，因《华尔街日报》报道称 Elliott Management 已在这家饮料巨头中持有 40 亿美元的股份，并计划进行激进投资活动。</p>
<p>Fortinet 股价下跌 3.5%，因摩根士丹利下调了该网络安全公司的股票评级。</p>

百事

<p>美国股指期货下跌，投资者在关键经济报告发布前保持谨慎，包括 8 月份的非农就业数据。道琼斯期货下跌 0.6%，标准普尔 500 指数下跌 0.7%，纳斯达克下跌 0.9%。市场预期美联储降息 25 个基点的概率为 92%。由于黄金价格创下历史新高，黄金矿业公司股价上涨，而百事在 Elliott Management 的激进活动消息后上涨。关于 9 月份历史表现和美联储独立性的担忧仍然存在，影响市场情绪</p>

<p>Key points:</p>
<div class="lb-trans"><p>要点：</p>
</div><ul>
<li>Futures down: Dow 0.6%, S&amp;P 500 0.7%, Nasdaq 0.9%</li>
<li>PepsiCo gains after report Elliott plans activist campaign</li>
<li>Gold miners gain as bullion prices hit record high</li>
</ul>
<div class="lb-trans"><ul>
<li>期货下跌：道琼斯指数下跌 0.6%，标准普尔 500 指数下跌 0.7%，纳斯达克指数下跌 0.9%</li>
<li>百事股价上涨，因有报道称 Elliott 计划进行激进投资活动</li>
<li>黄金矿业公司股价上涨，因金价创下历史新高</li>
</ul>
</div><p>U.S. stock index futures fell on Tuesday, as investors returning from a long holiday weekend shifted their focus to upcoming crucial economic reports, which could shape the Federal Reserve's stance on monetary easing.</p>
<div class="lb-trans"><p>美国股指期货在周二下跌，投资者在长假归来后将注意力转向即将发布的重要经济报告，这些报告可能会影响美联储的货币宽松政策。</p>
</div><p>The August nonfarm payrolls report, due on Friday, is the centerpiece of the week and will follow a monthly private payrolls reading and job openings figures.</p>
<div class="lb-trans"><p>周五将发布的 8 月份非农就业报告是本周的重头戏，随后将发布每月的私人就业数据和职位空缺数据。</p>
</div><p>Markets are pricing in about a 92% chance of a 25-basis-point cut in interest rates at the Fed's meeting later this month, according to the CME Group's FedWatch tool.</p>
<div class="lb-trans"><p>根据 CME 集团的 FedWatch 工具，市场预计本月晚些时候美联储会议上降息 25 个基点的概率约为 92%。</p>
</div><p>Investors' dovish tilt came after July's weak job report, with Fed Chair Jerome Powell acknowledging the growing risks to the labor market at the Jackson Hole symposium, helping the S&amp;P 500 and the Dow log their fourth consecutive month of gains in August.</p>
<div class="lb-trans"><p>在 7 月份疲弱的就业报告后，投资者的鸽派倾向加重，美联储主席杰罗姆·鲍威尔在杰克逊霍尔研讨会上承认劳动力市场面临的风险日益增加，这帮助标准普尔 500 指数和道琼斯指数在 8 月份连续第四个月上涨。</p>
</div><p>The Nasdaq logged its fifth straight monthly gain last month.</p>
<div class="lb-trans"><p>纳斯达克指数上个月实现了连续第五个月的上涨。</p>
</div><p>At 7:40 a.m. ET, Dow E-minis (YMcv1) were down 253 points, or 0.55%, S&amp;P 500 E-minis  were down 47.75 points, or 0.74% and Nasdaq 100 E-minis  were down 220.75 points, or 0.94%.</p>
<div class="lb-trans"><p>在东部时间上午 7:40，道琼斯 E-mini 期货（YMcv1）下跌 253 点，跌幅为 0.55%；标准普尔 500 E-mini 期货下跌 47.75 点，跌幅为 0.74%；纳斯达克 100 E-mini 期货下跌 220.75 点，跌幅为 0.94%。</p>
</div><p>Yields on longer-dated U.S. Treasuries rose on Tuesday, with those on the 10-year  and 30-year (US30YT=RR) notes at their highest levels in more than a month, pressuring equities.</p>
<div class="lb-trans"><p>周二，美国长期国债收益率上升，10 年期和 30 年期（US30YT=RR）国债收益率达到一个多月来的最高水平，给股市带来压力。</p>
</div><p>The CBOE Market Volatility index  also touched its highest mark in more than three weeks and was last up 1.84 points at 17.96.</p>
<div class="lb-trans"><p>CBOE 市场波动率指数也触及三个多星期以来的最高点，最后上涨 1.84 点，报 17.96。</p>
</div><p>Hedge funds remained hesitant about buying U.S. stocks at the outset of seasonally dour September, according to Goldman Sachs data up to August 25.</p>
<div class="lb-trans"><p>根据高盛截至 8 月 25 日的数据，对冲基金在季节性疲软的九月初对购买美国股票仍持谨慎态度。</p>
</div><p>The benchmark S&amp;P 500 has lost 1.5% on average in September - its worst month - since 2000, according to data compiled by LSEG. DataTrek Research said it is the only month since 1958 where the index's mean returns are negative.</p>
<div class="lb-trans"><p>根据 LSEG 编制的数据，自 2000 年以来，标准普尔 500 指数在九月份平均下跌 1.5%，是其表现最差的月份。DataTrek Research 表示，这是自 1958 年以来，该指数的平均回报为负的唯一月份。</p>
</div><p>&#34;September is historically a weak month for equities ... The combination of tariff uncertainty, Fed concerns, and seasonal weakness has left markets on edge,&#34; said David Morrison, senior market analyst at TradeNation.</p>
<div class="lb-trans"><p>“九月历来是股市疲软的月份……关税不确定性、美联储的担忧以及季节性疲软的结合使市场处于紧张状态，” TradeNation 的高级市场分析师大卫·莫里森表示。</p>
</div><p>A divided U.S. appeals court ruled on Friday that most of U.S. President Donald Trump's tariffs are illegal, undercutting his use of these levies.</p>
<div class="lb-trans"><p>美国上诉法院周五裁定，特朗普总统的大部分关税是非法的，这削弱了他对这些关税的使用。</p>
</div><p>Some worries also persisted about the Fed's independence, as Trump kept up attacks on the central bank.</p>
<div class="lb-trans"><p>关于美联储独立性的担忧依然存在，因为特朗普持续攻击中央银行。</p>
</div><p>The markets will also focus on quarterly earnings from a host of retailers to gauge the strength of the U.S. consumer as the impact of Trump's tariffs on the economy starts to show.</p>
<div class="lb-trans"><p>市场还将关注一系列零售商的季度财报，以评估美国消费者的强劲程度，因为特朗普的关税对经济的影响开始显现。</p>
</div><p>U.S. manufacturing activity data for August is due after markets open.</p>
<div class="lb-trans"><p>美国 8 月份的制造业活动数据将在市场开盘后发布。</p>
</div><p>A White House official said that Trump would make an announcement related to the U.S. defense department on Tuesday.</p>
<div class="lb-trans"><p>一位白宫官员表示，特朗普将在周二就美国国防部发布相关公告。</p>
</div><p>In stocks, gold miners gained in premarket trading after bullion prices hit a record high. U.S.-listed shares of Harmony Gold  rose 6.6%, Kinross Gold  gained 3% and Newmont  added 2%.</p>
<div class="lb-trans"><p>在股票方面，黄金矿业公司在盘前交易中上涨，因金价创下历史新高。美国上市的 Harmony Gold 股价上涨 6.6%，Kinross Gold 上涨 3%，Newmont 上涨 2%。</p>
</div><p>PepsiCo  shares gained 4.7% after a report by the Wall Street Journal said Elliott Management had taken a $4 billion stake in the beverages giant and was planning an activist campaign.</p>
<div class="lb-trans"><p>百事股价上涨 4.7%，因《华尔街日报》报道称 Elliott Management 已在这家饮料巨头中持有 40 亿美元的股份，并计划进行激进投资活动。</p>
</div><p>Fortinet  fell 3.5% after Morgan Stanley downgraded the cybersecurity firm's stock.</p>
<div class="lb-trans"><p>Fortinet 股价下跌 3.5%，因摩根士丹利下调了该网络安全公司的股票评级。</p>
</div>

美国股指期货下跌，投资者在即将到来的数据周前保持谨慎