<h2>今日早盘 - 美国市场早间更新 2025 年 11 月 20 日</h2>
<p>美国股指期货今晨上涨，主要指数相关合约在开盘前上涨超过 1%。有两个故事引起了关注。首先，美国经济在九月份仅新增了 50,000 个就业岗位，远低于通常水平，但仍显示出一些招聘活动。同时，平均抵押贷款利率上升至 6.37%，抵押贷款申请下降超过 5%，使得人们购房或再融资变得更加困难。一方面，降温的就业市场可能意味着利率上升的缓解。然而，持续的通货膨胀让美联储保持谨慎。这使得利率敏感的股票，如银行和房地产公司，成为焦点，因为未来利率的争论将波及这些行业，并在未来几周影响投资回报。</p>
<p>在通货膨胀依然顽固且利率不可预测的情况下，发现基于现金流的被低估股票，趁市场尚未察觉。</p>
<h2>主要涨幅股</h2>
<ul>
<li><strong>Block (XYZ)</strong> 在公司将股票回购计划扩大 50 亿美元后，股价上涨 7.56%。</li>
<li><strong>GE Vernova (GEV)</strong> 在台湾达成一项重大国际风力涡轮机升级协议后，股价上涨 7.29%。</li>
<li><strong>Constellation Energy (CEG)</strong> 股价上涨 5.34%，投资者对其克雷恩清洁能源中心获得 10 亿美元能源部贷款的消息作出反应。</li>
</ul>
<p>Block 仍然是一个明智的投资选择，还是仅仅是炒作？阅读我们最受欢迎的叙述，获取您所需的所有答案。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7d5e4bdf-aff5-4be5-9ace-10ab3d626fc2/chart/quote-price?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://images.simplywall.st/company/7d5e4bdf-aff5-4be5-9ace-10ab3d626fc2/chart/quote-price"/></p>
<p>XYZ 1 年股票价格走势图</p>
<h2>主要跌幅股</h2>
<ul>
<li><strong>Eversource Energy (ES)</strong> 在监管机构阻止其 Aquarion 部门出售后，股价下跌 12.45%，分析师也下调了评级。</li>
<li><strong>Strategy (MSTR)</strong> 下跌 9.82%。</li>
<li><strong>Circle Internet Group (CRCL)</strong> 下滑 8.98%。</li>
</ul>
<p>超越噪音 - 揭示解释 Eversource Energy 长期成功的主要叙述。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/f9a35f27-38e2-4698-94ae-d3f710573667/chart/quote-price?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://images.simplywall.st/company/f9a35f27-38e2-4698-94ae-d3f710573667/chart/quote-price"/></p>
<p>ES 1 年股票价格走势图</p>
<h2>关注动态</h2>
<p>一波来自科技和零售巨头的主要财报将为今天的美国市场定下基调。</p>
<ul>
<li><strong>Walmart (WMT)：</strong> 周四早间的第三季度财报将为华尔街提供关于消费者在持续通货膨胀下支出的早期评估。</li>
<li><strong>Intuit (INTU)：</strong> 周四收盘后的第一季度报告将聚焦小型企业软件需求的趋势及对关键税季的指导。</li>
<li><strong>Veeva Systems (VEEV)：</strong> 周四晚间的第三季度业绩将揭示制药云计算的采用趋势及前景展望。</li>
<li><strong>Ross Stores (ROST)：</strong> 折扣零售商的第三季度更新将展示价值导向的消费者如何应对更高的利率。</li>
<li><strong>Copart (CPRT)：</strong> 周四的第一季度数据将关注汽车回收量和在波动的二手车市场中的利润率。</li>
</ul>
<p>使用我们的投资组合或关注列表功能，跟踪这些市场动态事件，并为您拥有的公司获取免费提醒！</p>
<h2>不仅仅是阅读新闻，利用它</h2>
<p>聪明的投资者知道，最有前景的趋势往往隐藏在显而易见的地方，而今天的机会可能稍纵即逝。我们的研究揭示了具有强大财务状况、意外增长潜力和韧性基本面的低价股，适合那些寻求不被关注的上行空间的投资者。</p>
<p>想要找到自己的赢家吗？使用我们的股票筛选器，发现符合您独特策略的股票，并在新机会出现时及时获取提醒。</p>
<p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

能源方案

<p>美国股指期货上涨超过 1%，投资者预计加息压力将减轻。Block 股价上涨 7.56%，因其扩大了股票回购计划。GE Vernova 因在台湾达成风力涡轮机交易而上涨 7.29%。Constellation Energy 在获得 10 亿美元能源部贷款后上涨 5.34%。Eversource Energy 在一项单位出售被阻止后下跌 12.45%。预计沃尔玛和 Intuit 等科技和零售巨头的主要财报将影响市场趋势</p>

<h2>The Morning Bull - US Market Morning Update Thursday, Nov, 20 2025</h2>
<div class="lb-trans"><h2>今日早盘 - 美国市场早间更新 2025 年 11 月 20 日</h2>
</div><p>US stock futures are pointing higher this morning, with contracts linked to the major indexes rising more than 1% before the opening bell. Two stories are grabbing attention. First, the US economy added just 50,000 jobs in September, much less than usual but still showing some hiring. At the same time, average mortgage rates nudged up to 6.37%, and mortgage applications slumped by over 5%, making it harder for people to buy homes or refinance. On one hand, a cooling job market could mean relief from interest rate hikes. However, sticky inflation keeps the Federal Reserve cautious. This puts the spotlight on rate-sensitive stocks, such as banks and real estate companies, because the debate over future interest rates will ripple through these sectors and shape investment returns in the weeks ahead.</p>
<div class="lb-trans"><p>美国股指期货今晨上涨，主要指数相关合约在开盘前上涨超过 1%。有两个故事引起了关注。首先，美国经济在九月份仅新增了 50,000 个就业岗位，远低于通常水平，但仍显示出一些招聘活动。同时，平均抵押贷款利率上升至 6.37%，抵押贷款申请下降超过 5%，使得人们购房或再融资变得更加困难。一方面，降温的就业市场可能意味着利率上升的缓解。然而，持续的通货膨胀让美联储保持谨慎。这使得利率敏感的股票，如银行和房地产公司，成为焦点，因为未来利率的争论将波及这些行业，并在未来几周影响投资回报。</p>
</div><p>With inflation remaining stubborn and rates unpredictable, discover undervalued stocks based on cash flows before the market catches on.</p>
<div class="lb-trans"><p>在通货膨胀依然顽固且利率不可预测的情况下，发现基于现金流的被低估股票，趁市场尚未察觉。</p>
</div><h2>Top Movers</h2>
<div class="lb-trans"><h2>主要涨幅股</h2>
</div><ul>
<li><strong>Block (XYZ)</strong> surged 7.56% after the company expanded its share buyback program by $5 billion.</li>
<li><strong>GE Vernova (GEV)</strong> climbed 7.29% following news of a major international wind turbine upgrade deal in Taiwan.</li>
<li><strong>Constellation Energy (CEG)</strong> rose 5.34% as investors reacted to a $1 billion DOE loan for its Crane Clean Energy Center.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Block (XYZ)</strong> 在公司将股票回购计划扩大 50 亿美元后，股价上涨 7.56%。</li>
<li><strong>GE Vernova (GEV)</strong> 在台湾达成一项重大国际风力涡轮机升级协议后，股价上涨 7.29%。</li>
<li><strong>Constellation Energy (CEG)</strong> 股价上涨 5.34%，投资者对其克雷恩清洁能源中心获得 10 亿美元能源部贷款的消息作出反应。</li>
</ul>
</div><p>Is Block still a smart investment or just hype? Read our most popular narrative and get all the answers you need.</p>
<div class="lb-trans"><p>Block 仍然是一个明智的投资选择，还是仅仅是炒作？阅读我们最受欢迎的叙述，获取您所需的所有答案。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/7d5e4bdf-aff5-4be5-9ace-10ab3d626fc2/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/7d5e4bdf-aff5-4be5-9ace-10ab3d626fc2/chart/quote-price"/></p>
<p>XYZ 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>XYZ 1 年股票价格走势图</p>
</div><h2>Top Losers</h2>
<div class="lb-trans"><h2>主要跌幅股</h2>
</div><ul>
<li><strong>Eversource Energy (ES)</strong> sank 12.45% after regulators blocked its Aquarion unit sale and analysts issued downgrades.</li>
<li><strong>Strategy (MSTR)</strong> declined 9.82%.</li>
<li><strong>Circle Internet Group (CRCL)</strong> slipped 8.98%.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Eversource Energy (ES)</strong> 在监管机构阻止其 Aquarion 部门出售后，股价下跌 12.45%，分析师也下调了评级。</li>
<li><strong>Strategy (MSTR)</strong> 下跌 9.82%。</li>
<li><strong>Circle Internet Group (CRCL)</strong> 下滑 8.98%。</li>
</ul>
</div><p>Look past the noise - uncover the top narrative that explains what truly matters for Eversource Energy's long-term success.</p>
<div class="lb-trans"><p>超越噪音 - 揭示解释 Eversource Energy 长期成功的主要叙述。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/f9a35f27-38e2-4698-94ae-d3f710573667/chart/quote-price" alt="" original-src="https://images.simplywall.st/company/f9a35f27-38e2-4698-94ae-d3f710573667/chart/quote-price"/></p>
<p>ES 1-Year Stock Price Chart</p>
<div class="lb-trans"><p>ES 1 年股票价格走势图</p>
</div><h2>On The Radar</h2>
<div class="lb-trans"><h2>关注动态</h2>
</div><p>A wave of major earnings from tech and retail giants will set the tone for US markets today.</p>
<div class="lb-trans"><p>一波来自科技和零售巨头的主要财报将为今天的美国市场定下基调。</p>
</div><ul>
<li><strong>Walmart (WMT):</strong> Q3 earnings Thursday morning will give Wall Street an early read on consumer spending in the face of persistent inflation.</li>
<li><strong>Intuit (INTU):</strong> The Q1 report Thursday after the close spotlights trends in small business software demand and guidance for the critical tax season.</li>
<li><strong>Veeva Systems (VEEV):</strong> Q3 results Thursday evening reveal pharmaceutical cloud adoption trends and the forward outlook.</li>
<li><strong>Ross Stores (ROST):</strong> The discount retailer’s Q3 update Thursday afternoon shows how value-focused shoppers are navigating higher interest rates.</li>
<li><strong>Copart (CPRT):</strong> Q1 numbers Thursday will focus attention on auto salvage volumes and profit margins amid a volatile used car market.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>Walmart (WMT)：</strong> 周四早间的第三季度财报将为华尔街提供关于消费者在持续通货膨胀下支出的早期评估。</li>
<li><strong>Intuit (INTU)：</strong> 周四收盘后的第一季度报告将聚焦小型企业软件需求的趋势及对关键税季的指导。</li>
<li><strong>Veeva Systems (VEEV)：</strong> 周四晚间的第三季度业绩将揭示制药云计算的采用趋势及前景展望。</li>
<li><strong>Ross Stores (ROST)：</strong> 折扣零售商的第三季度更新将展示价值导向的消费者如何应对更高的利率。</li>
<li><strong>Copart (CPRT)：</strong> 周四的第一季度数据将关注汽车回收量和在波动的二手车市场中的利润率。</li>
</ul>
</div><p>Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!</p>
<div class="lb-trans"><p>使用我们的投资组合或关注列表功能，跟踪这些市场动态事件，并为您拥有的公司获取免费提醒！</p>
</div><h2>Don't Just Read The News, Use It</h2>
<div class="lb-trans"><h2>不仅仅是阅读新闻，利用它</h2>
</div><p>Smart investors know the most promising trends are often hidden in plain sight, and today’s opportunities may be fleeting. Our research uncovers penny stocks with strong financials with surprising growth potential and resilient fundamentals, ideal for those seeking off-the-radar upside.</p>
<div class="lb-trans"><p>聪明的投资者知道，最有前景的趋势往往隐藏在显而易见的地方，而今天的机会可能稍纵即逝。我们的研究揭示了具有强大财务状况、意外增长潜力和韧性基本面的低价股，适合那些寻求不被关注的上行空间的投资者。</p>
</div><p>Want to find your own winners? Use our stock screener to uncover stocks that fit your unique strategy and get timely alerts whenever new opportunities appear.</p>
<div class="lb-trans"><p>想要找到自己的赢家吗？使用我们的股票筛选器，发现符合您独特策略的股票，并在新机会出现时及时获取提醒。</p>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容具有一般性。<strong>我们仅基于历史数据和分析师预测提供评论，采用无偏见的方法，我们的文章不构成财务建议。</strong> 这并不构成买入或卖出任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

今日美国股市：标普 500 期货飙升，因投资者关注加息压力的缓解