<p>作者：Mike Murphy</p>
<p>随着年末的临近，投资者正在评估形势。</p>
<p>美国股指期货在周日变化不大，投资者展望年内最后一个完整的交易周。</p>
<p>道琼斯工业平均指数期货（YM00）、标准普尔 500 指数期货（ES00）和纳斯达克 100 指数期货（NQ00）在周日稍晚时段小幅下跌。</p>
<p>比特币（BTCUSD）维持在 88,000 美元以上，周末下跌约 2%。黄金（GC00）和白银期货（SI00）上涨，而原油期货（CL.1）小幅走高。</p>
<p>周五股市下滑，科技板块大幅下跌，投资者继续进行从人工智能股票的 “轮换交易”。根据道琼斯市场数据，标准普尔 500 指数（SPX）本周下跌 0.6%，以科技股为主的纳斯达克指数（COMP）下跌 1.6%，而道琼斯指数（DJIA）上涨 1%。</p>
<p>查看更多：投资者正在抛售股市赢家，几乎购买所有其他资产。这是一个好兆头。</p>
<p>Wedbush 的分析师在周日的报告中表示，尽管上周人工智能股票出现 “紧张”，但他们仍然对 “绝大多数基本驱动因素和交易信号保持乐观”。</p>
<p>分析师 Seth Basham 表示：“除非出现广泛的延误，导致人工智能生态系统的预期重置，否则我们将关注仍然强劲的潜在需求。”</p>
<p>SPI 资产管理公司的管理合伙人 Stephen Innes 表示，人工智能股票近期的疲软是件好事。他在周末的报告中表示：“这次反弹不再依赖于单一的人工智能支柱。参与度正在扩大，领导层正在轮换，市场正在慢慢用更坚实的东西取代狭隘的、以故事驱动的上涨：这是一种改善实际活动预期的表现，得到了更宽松的金融条件的支持。”</p>
<p>本周将是年内最后一个不间断的交易周，因为圣诞节和新年假期即将来临。</p>
<p>11 月的就业报告将于周二发布，关键的通胀数据将在周四公布，投资者希望在美联储上周连续第三次降息后看到令人安心的迹象。然而，由于政府停摆的持续影响，本周的经济数据将基于较旧的数据，投资者对这些数据可能会持谨慎态度。</p>
<p>阅读更多：股市在年末最后的交易冲刺中面临风险。该把钱放在哪里。</p>
<p>-Mike Murphy</p>
<p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>12-14-25 1818ET</p>

<p>美国股指期货在今年最后一个完整交易周前变化不大。道琼斯、标准普尔 500 和纳斯达克期货略有下跌，而比特币下跌了 2%。黄金和白银期货上涨，原油小幅上涨。尽管人工智能股票波动，分析师仍持乐观态度，指出市场参与度在扩大。由于政府停摆导致的数据过时，未来的经济报告可能会受到谨慎对待</p>

<p>By Mike Murphy</p>
<div class="lb-trans"><p>作者：Mike Murphy</p>
</div><p>Investors are taking stock as the end of the year fast approaches.</p>
<div class="lb-trans"><p>随着年末的临近，投资者正在评估形势。</p>
</div><p>U.S. stock futures were little changed Sunday, as investors look ahead to the last full trading week of the year.</p>
<div class="lb-trans"><p>美国股指期货在周日变化不大，投资者展望年内最后一个完整的交易周。</p>
</div><p>Dow Jones Industrial Average futures (YM00), S&amp;P 500 futures (ES00) and Nasdaq-100 futures (NQ00) were down slightly late Sunday.</p>
<div class="lb-trans"><p>道琼斯工业平均指数期货（YM00）、标准普尔 500 指数期货（ES00）和纳斯达克 100 指数期货（NQ00）在周日稍晚时段小幅下跌。</p>
</div><p>Bitcoin (BTCUSD) was holding above the $88,000 level, falling around 2% over the weekend. Gold (GC00) and silver futures (SI00) rose, while crude futures (CL.1) inched higher.</p>
<div class="lb-trans"><p>比特币（BTCUSD）维持在 88,000 美元以上，周末下跌约 2%。黄金（GC00）和白银期货（SI00）上涨，而原油期货（CL.1）小幅走高。</p>
</div><p>Stocks slid on Friday, led by a sharp decline in the tech sector, as investors continue a &#34;rotation trade&#34; out of AI stocks. For the week, the S&amp;P 500 SPX declined 0.6%, the tech-heavy Nasdaq COMP dropped 1.6% and the Dow DJIA gained 1%, according to Dow Jones Market Data.</p>
<div class="lb-trans"><p>周五股市下滑，科技板块大幅下跌，投资者继续进行从人工智能股票的 “轮换交易”。根据道琼斯市场数据，标准普尔 500 指数（SPX）本周下跌 0.6%，以科技股为主的纳斯达克指数（COMP）下跌 1.6%，而道琼斯指数（DJIA）上涨 1%。</p>
</div><p>See more: Investors are dumping stock-market winners and buying almost everything else. Why that's a good sign.</p>
<div class="lb-trans"><p>查看更多：投资者正在抛售股市赢家，几乎购买所有其他资产。这是一个好兆头。</p>
</div><p>Analysts at Wedbush said in a Sunday note that despite last week's &#34;jitters&#34; in AI stocks, they remain confident that &#34; most fundamental drivers and trading signals remain positive.&#34;</p>
<div class="lb-trans"><p>Wedbush 的分析师在周日的报告中表示，尽管上周人工智能股票出现 “紧张”，但他们仍然对 “绝大多数基本驱动因素和交易信号保持乐观”。</p>
</div><p>&#34;Unless there are widespread delays that would lead to a reset of expectations across the AI buildout ecosystem, we would focus on underlying demand that remain strong,&#34; said the analysts, led by Seth Basham.</p>
<div class="lb-trans"><p>分析师 Seth Basham 表示：“除非出现广泛的延误，导致人工智能生态系统的预期重置，否则我们将关注仍然强劲的潜在需求。”</p>
</div><p>Stephen Innes, managing partner at SPI Asset Management, said the recent weakness in AI stocks is a good thing. &#34;The rally is no longer standing on a single AI pillar. Participation is broadening, leadership is rotating, and the market is slowly replacing a narrow, story-driven melt-up with something sturdier: an expression of improving real-activity expectations, backed by easier financial conditions,&#34; he said in a weekend note.</p>
<div class="lb-trans"><p>SPI 资产管理公司的管理合伙人 Stephen Innes 表示，人工智能股票近期的疲软是件好事。他在周末的报告中表示：“这次反弹不再依赖于单一的人工智能支柱。参与度正在扩大，领导层正在轮换，市场正在慢慢用更坚实的东西取代狭隘的、以故事驱动的上涨：这是一种改善实际活动预期的表现，得到了更宽松的金融条件的支持。”</p>
</div><p>This week will be the last uninterrupted trading week of the year, as the Christmas and New Year's holidays loom.</p>
<div class="lb-trans"><p>本周将是年内最后一个不间断的交易周，因为圣诞节和新年假期即将来临。</p>
</div><p>The November jobs report will drop on Tuesday and a key inflation reading comes Thursday, with investors looking for reassuring signs following the Fed's third straight rate cut last week. However, both of this week's economic readings will be based on older data, due to the lingering effects of the government shutdown, and there is speculation that investors will take them with a grain of salt.</p>
<div class="lb-trans"><p>11 月的就业报告将于周二发布，关键的通胀数据将在周四公布，投资者希望在美联储上周连续第三次降息后看到令人安心的迹象。然而，由于政府停摆的持续影响，本周的经济数据将基于较旧的数据，投资者对这些数据可能会持谨慎态度。</p>
</div><p>Read more: Stocks risk a stir-up in last trading push of the year. Where to put your money.</p>
<div class="lb-trans"><p>阅读更多：股市在年末最后的交易冲刺中面临风险。该把钱放在哪里。</p>
</div><p>-Mike Murphy</p>
<div class="lb-trans"><p>-Mike Murphy</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>12-14-25 1818ET</p>
<div class="lb-trans"><p>12-14-25 1818ET</p>
</div>

在今年最后一个完整交易周开始前，美国股指期货几乎没有变化