<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Wall-Street.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="696" height="464" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Wall-Street.jpg"/></p>
<p>美国股市在周一回落，标准普尔 500 指数从上周 “圣诞老人反弹” 期间创下的历史高点回落，科技股和与人工智能相关的公司，包括英伟达、特斯拉和 Palantir，领跌市场。</p>
<p>基准指数在午盘交易中下跌约 0.4%，纳斯达克综合指数下滑 0.7%，投资者在经历了一年的超额收益后锁定利润。</p>
<p>尽管回落，市场仍保持强劲的年末姿态，标准普尔 500 指数年内上涨近 18%，由于假期缩短，交易量较薄。</p>
<h2>市场快照：获利回吐打击大型科技股</h2>
<p>标准普尔 500 指数交易约为 6,900 点，比周五收盘的 6,929.94 点下跌约 0.4%，而纳斯达克综合指数徘徊在 23,420 点附近，下跌约 0.7%。</p>
<p>道琼斯工业平均指数下跌约 193 点，或 0.4%，交易约为 48,500 点。</p>
<p>科技股承受了最大的抛售压力。科技精选行业 ETF 下跌约 0.6% 至 0.7%，投资者削减了对动量股的持仓。</p>
<p>全球最有价值的公司英伟达在宣布以 200 亿美元收购 Groq 的推理资产和以 50 亿美元购买英特尔股份后，股价回落 1.6% 至 2.5%。</p>
<p>特斯拉下跌 2% 至 4.5%，受到 2025 年交付量收缩 7.7% 和与韩国 LG 能源的主要电池供应协议崩溃的影响。</p>
<p>Palantir、Meta、Oracle 和 AMD 也面临抛售压力。</p>
<p>相比之下，防御性和现金流行业表现稳健。</p>
<p>能源股上涨 0.6%，公用事业股上涨 0.5%，房地产股上涨 0.3% 至 0.4%，投资者从高增长科技股中转移资金。</p>
<p>材料类股遭遇最深的下跌，黄金和白银矿业公司回吐了部分年初至今的惊人涨幅。</p>
<p>交易量保持较低，许多市场参与者指出，假期导致的流动性稀薄加剧了价格波动。</p>
<p>小额卖单产生了超出预期的波动，因为机构投资者重新平衡投资组合并锁定年末收益。</p>
<h2>为什么科技股回落？</h2>
<p>周一的回落是在更广泛市场经历了惊人一周之后发生的。</p>
<p>标准普尔 500 指数在周五达到 6,945.77 的新的盘中高点后，接近历史高位收盘，完成了一个显著收益的年度。</p>
<p>截至目前，标准普尔 500 指数上涨 18%，道琼斯上涨 14%，纳斯达克综合指数上涨超过 21%，尽管 4 月因关税担忧引发了熊市恐慌。</p>
<p>如此强劲的表现自然引发了获利回吐，因为投资组合经理在年末调整持仓并为税务目的收割损失。</p>
<p>然而，抛售也反映出投资者对科技估值和人工智能支出计划的日益怀疑。</p>
<p>分析师指出，市场已经定价完美，押注科技巨头的大规模人工智能基础设施投资将带来强劲的短期回报。</p>
<p>但需求放缓的迹象和未能达到的交付目标现在正在促使市场进行反思。</p>
<p>特斯拉披露 2025 年交付量下降，Oracle 的数据中心延迟，以及公司是否能证明数十亿美元的人工智能支出合理性的问题，正在对 2025 年的反弹的可持续性提出严峻质疑。</p>
<p>宏观逆风也值得关注。</p>
<p>美联储在 12 月 10 日将利率下调 25 个基点，将目标区间降至 3.50-3.75%，最初支持了反弹。</p>
<p>但近期国债收益率有所上升，交易员在权衡通胀是否可能在 2026 年初重新加速的情况下，抑制了对利率敏感的成长股的热情。</p>
<p>美国午盘市场简报：标准普尔 500 指数在创纪录的一周后下跌；科技股对市场施加压力，首次出现在 Invezz 上。</p>

英伟达

PLTR

特斯拉

<p>美国股市在周一下跌，标准普尔 500 指数下跌 0.4%，此前在上周的 “圣诞老人反弹” 中创下历史新高。包括英伟达、特斯拉和 Palantir 在内的科技股领跌，投资者开始获利了结。纳斯达克综合指数下跌 0.7%，而道琼斯指数下跌约 193 点。尽管出现回调，标准普尔 500 指数今年仍上涨近 18%。分析师指出，市场对科技估值和人工智能支出表示担忧，同时还受到国债收益率上升和美联储近期降息等宏观经济因素的影响</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/Wall-Street.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/Wall-Street.jpg"/></p>
<p>US stocks retreated on Monday as the S&amp;P 500 pulled back from its record highs reached during last week’s “Santa Claus Rally,” with technology and AI-linked names, including Nvidia, Tesla, and Palantir, leading the decline.</p>
<div class="lb-trans"><p>美国股市在周一回落，标准普尔 500 指数从上周 “圣诞老人反弹” 期间创下的历史高点回落，科技股和与人工智能相关的公司，包括英伟达、特斯拉和 Palantir，领跌市场。</p>
</div><p>The benchmark index fell roughly 0.4% in midday trading, while the Nasdaq Composite slipped 0.7% as investors locked in profits following a year of outsized gains.</p>
<div class="lb-trans"><p>基准指数在午盘交易中下跌约 0.4%，纳斯达克综合指数下滑 0.7%，投资者在经历了一年的超额收益后锁定利润。</p>
</div><p>Despite the retreat, markets remain in a strong year-end posture, with the S&amp;P 500 up nearly 18% for the year and trading volume thin due to the holiday-shortened week.</p>
<div class="lb-trans"><p>尽管回落，市场仍保持强劲的年末姿态，标准普尔 500 指数年内上涨近 18%，由于假期缩短，交易量较薄。</p>
</div><h2>Market snapshot: Profit-taking hits Big Tech</h2>
<div class="lb-trans"><h2>市场快照：获利回吐打击大型科技股</h2>
</div><p>The S&amp;P 500 traded around 6,900, down approximately 0.4% from Friday’s close of 6,929.94, while the Nasdaq Composite hovered near 23,420, down about 0.7%.</p>
<div class="lb-trans"><p>标准普尔 500 指数交易约为 6,900 点，比周五收盘的 6,929.94 点下跌约 0.4%，而纳斯达克综合指数徘徊在 23,420 点附近，下跌约 0.7%。</p>
</div><p>The Dow Jones Industrial Average fell roughly 193 points, or 0.4%, to trade around 48,500.</p>
<div class="lb-trans"><p>道琼斯工业平均指数下跌约 193 点，或 0.4%，交易约为 48,500 点。</p>
</div><p>Tech stocks bore the brunt of the selling. The Technology Select Sector ETF fell roughly 0.6% to 0.7% as investors trimmed positions in momentum names.</p>
<div class="lb-trans"><p>科技股承受了最大的抛售压力。科技精选行业 ETF 下跌约 0.6% 至 0.7%，投资者削减了对动量股的持仓。</p>
</div><p>Nvidia, the world’s most valuable company, pulled back 1.6 to 2.5% after announcing a $20 billion acquisition of Groq’s inference assets and a $5 billion stake purchase in Intel.</p>
<div class="lb-trans"><p>全球最有价值的公司英伟达在宣布以 200 亿美元收购 Groq 的推理资产和以 50 亿美元购买英特尔股份后，股价回落 1.6% 至 2.5%。</p>
</div><p>Tesla declined 2 to 4.5%, weighed down by reports of a 7.7% delivery contraction for 2025 and the collapse of a major battery supply deal with South Korea’s LG Energy.</p>
<div class="lb-trans"><p>特斯拉下跌 2% 至 4.5%，受到 2025 年交付量收缩 7.7% 和与韩国 LG 能源的主要电池供应协议崩溃的影响。</p>
</div><p>Palantir, Meta, Oracle, and AMD also faced selling pressure.</p>
<div class="lb-trans"><p>Palantir、Meta、Oracle 和 AMD 也面临抛售压力。</p>
</div><p>In contrast, defensive and cash-flow sectors held their own.</p>
<div class="lb-trans"><p>相比之下，防御性和现金流行业表现稳健。</p>
</div><p>Energy shares gained 0.6%, utilities rose 0.5%, and real estate advanced 0.3 to 0.4%, as investors rotated away from high-growth tech.</p>
<div class="lb-trans"><p>能源股上涨 0.6%，公用事业股上涨 0.5%，房地产股上涨 0.3% 至 0.4%，投资者从高增长科技股中转移资金。</p>
</div><p>Materials suffered the deepest decline as gold and silver miners gave back a portion of their extraordinary year-to-date run.</p>
<div class="lb-trans"><p>材料类股遭遇最深的下跌，黄金和白银矿业公司回吐了部分年初至今的惊人涨幅。</p>
</div><p>Trading volumes remained light, with many market participants noting that holiday-thinned liquidity was amplifying price swings.</p>
<div class="lb-trans"><p>交易量保持较低，许多市场参与者指出，假期导致的流动性稀薄加剧了价格波动。</p>
</div><p>Small selling orders produced outsized moves as institutional investors rebalanced portfolios and locked in year-end gains.</p>
<div class="lb-trans"><p>小额卖单产生了超出预期的波动，因为机构投资者重新平衡投资组合并锁定年末收益。</p>
</div><h2>Why tech pull back?</h2>
<div class="lb-trans"><h2>为什么科技股回落？</h2>
</div><p>Monday’s pullback follows a stunning week for the broader market.</p>
<div class="lb-trans"><p>周一的回落是在更广泛市场经历了惊人一周之后发生的。</p>
</div><p>The S&amp;P 500 reached fresh intraday highs of 6,945.77 on Friday before settling near record levels, completing a year of remarkable gains.</p>
<div class="lb-trans"><p>标准普尔 500 指数在周五达到 6,945.77 的新的盘中高点后，接近历史高位收盘，完成了一个显著收益的年度。</p>
</div><p>Year-to-date, the S&amp;P 500 has climbed 18%, the Dow is up 14%, and the Nasdaq Composite has surged more than 21% despite an April bear market scare triggered by tariff fears.</p>
<div class="lb-trans"><p>截至目前，标准普尔 500 指数上涨 18%，道琼斯上涨 14%，纳斯达克综合指数上涨超过 21%，尽管 4 月因关税担忧引发了熊市恐慌。</p>
</div><p>Such robust performance naturally invites profit-taking as portfolio managers finalise year-end positioning and harvest losses for tax purposes.</p>
<div class="lb-trans"><p>如此强劲的表现自然引发了获利回吐，因为投资组合经理在年末调整持仓并为税务目的收割损失。</p>
</div><p>The selling, however, also reflects growing investor skepticism about technology valuations and artificial intelligence spending plans.</p>
<div class="lb-trans"><p>然而，抛售也反映出投资者对科技估值和人工智能支出计划的日益怀疑。</p>
</div><p>Analysts pointed out that the market had priced in perfection, betting that massive AI infrastructure investments by tech giants would deliver strong near-term returns.</p>
<div class="lb-trans"><p>分析师指出，市场已经定价完美，押注科技巨头的大规模人工智能基础设施投资将带来强劲的短期回报。</p>
</div><p>But signs of softening demand and missed delivery targets are now prompting a reckoning.</p>
<div class="lb-trans"><p>但需求放缓的迹象和未能达到的交付目标现在正在促使市场进行反思。</p>
</div><p>Tesla’s disclosure of lower 2025 deliveries, Oracle’s data center delays, and concerns about whether companies can justify billion-dollar AI spending are raising hard questions about the sustainability of 2025’s rally.</p>
<div class="lb-trans"><p>特斯拉披露 2025 年交付量下降，Oracle 的数据中心延迟，以及公司是否能证明数十亿美元的人工智能支出合理性的问题，正在对 2025 年的反弹的可持续性提出严峻质疑。</p>
</div><p>Macro headwinds also warrant attention.</p>
<div class="lb-trans"><p>宏观逆风也值得关注。</p>
</div><p>The Federal Reserve cut rates by 25 basis points on December 10, bringing the target range to 3.50-3.75%, initially supporting the rally.</p>
<div class="lb-trans"><p>美联储在 12 月 10 日将利率下调 25 个基点，将目标区间降至 3.50-3.75%，最初支持了反弹。</p>
</div><p>But Treasury yields have edged higher in recent sessions as traders weigh whether inflation could reaccelerate in early 2026, tempering enthusiasm for rate-sensitive growth stocks.</p>
<div class="lb-trans"><p>但近期国债收益率有所上升，交易员在权衡通胀是否可能在 2026 年初重新加速的情况下，抑制了对利率敏感的成长股的热情。</p>
</div><p>The post US midday market brief: S&amp;P 500 dips after record week; tech names weigh on markets appeared first on Invezz</p>
<div class="lb-trans"><p>美国午盘市场简报：标准普尔 500 指数在创纪录的一周后下跌；科技股对市场施加压力，首次出现在 Invezz 上。</p>
</div>

US midday market brief: S&P 500 dips after record week; tech names weigh on markets

- 美国股市周一回落，标普 500 指数下跌约 0.4%。  
- 大型科技股如 Nvidia 和 Tesla 领跌，投资者兑现利润。  
- 尽管如此，标普 500 年内仍上涨近 18%，市场表现稳健。

美国午间市场简报：标普 500 指数在创纪录的一周后出现下跌，科技股对市场造成压力