<p>美国股市在周五上涨，强于预期的四月就业报告增强了对劳动力市场韧性的信心。</p>
<p>道琼斯工业平均指数上涨 208 点，或 0.4%，标准普尔 500 指数上涨约 0.5%，纳斯达克综合指数上涨约 0.6%。</p>
<p>投资者在周五的交易中权衡了强于预期的四月就业报告与重新加剧的地缘政治紧张局势和更高的油价。</p>
<p>市场仍在试图判断，强劲的招聘是否会增强对经济的信心，或进一步推迟对美联储降息的预期。</p>
<p>上个月雇主新增了 115,000 个职位，远高于经济学家预测的 62,000 个，而失业率维持在 4.3%。</p>
<p>三月份的招聘人数也被上调至 185,000。</p>
<p><strong>就业数据超预期，但美联储仍在考虑中</strong></p>
<p>强劲的就业数据给交易者提供了进入股市的理由，但并未消除对利率的紧张情绪。</p>
<p>劳动力市场仍在以稳健的速度增加就业，使得在短期内主张美联储放松政策变得更加困难，尤其是在政策制定者已经对持续的通胀感到担忧的情况下。</p>
<p>这就是为什么市场反应可能会取决于交易首小时债券收益率的表现。</p>
<p>报告发布后，国债收益率下滑，表明投资者也在权衡就业增长放缓和工资压力减轻可能抵消头条数据超预期的可能性。</p>
<p><strong>地缘政治和油价抑制了乐观情绪</strong></p>
<p>劳动力数据带来的任何提振都被更广泛的宏观背景所削弱。</p>
<p>油价对美国与伊朗在霍尔木兹海峡的冲突重新爆发高度敏感，原油在冲突后回吐了涨幅，重新引发了对供应中断的担忧。</p>
<p>这对华尔街至关重要，因为更高的能源价格可能迅速传导至通胀预期，并削弱健康劳动力市场带来的乐观情绪。</p>
<p>结果是，市场仍然容易受到 “好消息是坏消息” 局面的影响，强劲的就业数据可以支持增长情绪，但也可能使利率保持高位，并加大对已经对利率敏感的行业的压力。</p>
<p><strong>AI 赢家和输家在科技领域定调</strong></p>
<p>盘前交易并不均匀，Datadog 在报告第一季度收入为 10.06 亿美元，同比增长 32% 并上调年度预测后大幅上涨。</p>
<p>Akamai 在披露与一家前沿模型提供商达成 18 亿美元的长期云协议后也大幅上涨，该消息推动其股价在盘后交易中上涨 24%。</p>
<p>Block 在金融科技领域也增添了乐观情绪，预计全年毛利润将达到 123.3 亿美元，此前第一季度毛利润增长了 27%。</p>
<p>在这种背景下，Cloudflare 则在下行中突出，警告称增长正在放缓，并表示将裁减约 20% 的员工。</p>

道琼斯指数

DDOG

阿克迈技术

DOGD

<p>美国股市在周五上涨，道琼斯指数上涨 208 点（0.4%），因四月份的就业报告强于预期，显示新增 115,000 个就业岗位，失业率为 4.3%。尽管劳动数据积极，但地缘政治紧张局势和油价上涨的担忧抑制了市场的热情。该报告使得市场对美联储降息的预期变得复杂，因为强劲的劳动市场可能会维持利率在高位。科技股表现参差不齐，Datadog 和 Akamai 上涨，而 Cloudflare 则警告增长放缓和裁员</p>

<p>US equities advanced on Friday after a stronger-than-expected April jobs report reinforced confidence in the resilience of the labor market.</p>
<div class="lb-trans"><p>美国股市在周五上涨，强于预期的四月就业报告增强了对劳动力市场韧性的信心。</p>
</div><p>The Dow Jones Industrial Average rose 208 points, or 0.4%, while the S&amp;P 500 gained about 0.5% and the Nasdaq Composite advanced roughly 0.6%.</p>
<div class="lb-trans"><p>道琼斯工业平均指数上涨 208 点，或 0.4%，标准普尔 500 指数上涨约 0.5%，纳斯达克综合指数上涨约 0.6%。</p>
</div><p>Investors entered Friday’s session weighing a stronger-than-expected April payrolls report against renewed geopolitical tensions and higher oil prices.</p>
<div class="lb-trans"><p>投资者在周五的交易中权衡了强于预期的四月就业报告与重新加剧的地缘政治紧张局势和更高的油价。</p>
</div><p>The markets is still trying to determine whether resilient hiring would reinforce confidence in the economy or further delay expectations for Federal Reserve rate cuts.</p>
<div class="lb-trans"><p>市场仍在试图判断，强劲的招聘是否会增强对经济的信心，或进一步推迟对美联储降息的预期。</p>
</div><p>Employers added 115,000 jobs last month, well above the 62,000 economists had forecast, while the unemployment rate held at 4.3%.</p>
<div class="lb-trans"><p>上个月雇主新增了 115,000 个职位，远高于经济学家预测的 62,000 个，而失业率维持在 4.3%。</p>
</div><p>March hiring was also revised higher to 185,000.</p>
<div class="lb-trans"><p>三月份的招聘人数也被上调至 185,000。</p>
</div><p><strong>Jobs beat, but the Fed is still in the frame</strong></p>
<div class="lb-trans"><p><strong>就业数据超预期，但美联储仍在考虑中</strong></p>
</div><p>The stronger payrolls print gives traders a reason to step into equities, but it does not remove the tension around interest rates.</p>
<div class="lb-trans"><p>强劲的就业数据给交易者提供了进入股市的理由，但并未消除对利率的紧张情绪。</p>
</div><p>A labor market that is still adding jobs at a solid clip makes it harder to argue for near-term Federal Reserve easing, especially with policymakers already wary of sticky inflation.</p>
<div class="lb-trans"><p>劳动力市场仍在以稳健的速度增加就业，使得在短期内主张美联储放松政策变得更加困难，尤其是在政策制定者已经对持续的通胀感到担忧的情况下。</p>
</div><p>That is why the market reaction is likely to hinge on how bond yields behave in the first hour of trading.</p>
<div class="lb-trans"><p>这就是为什么市场反应可能会取决于交易首小时债券收益率的表现。</p>
</div><p>Treasury yields slipped after the report, a sign that investors were also weighing the possibility that slower job growth and softer wage pressure could offset the headline beat.</p>
<div class="lb-trans"><p>报告发布后，国债收益率下滑，表明投资者也在权衡就业增长放缓和工资压力减轻可能抵消头条数据超预期的可能性。</p>
</div><p><strong>Geopolitics and oil keep a lid on euphoria</strong></p>
<div class="lb-trans"><p><strong>地缘政治和油价抑制了乐观情绪</strong></p>
</div><p>Any boost from the labor data is being tempered by the broader macro backdrop.</p>
<div class="lb-trans"><p>劳动力数据带来的任何提振都被更广泛的宏观背景所削弱。</p>
</div><p>Oil prices remained highly sensitive to renewed US-Iran fighting around the Strait of Hormuz, with crude pairing gains after the confrontation reignited concern over supply disruption.</p>
<div class="lb-trans"><p>油价对美国与伊朗在霍尔木兹海峡的冲突重新爆发高度敏感，原油在冲突后回吐了涨幅，重新引发了对供应中断的担忧。</p>
</div><p>That matters for Wall Street because higher energy prices can quickly feed into inflation expectations and blunt the bullish read-through from a healthier labor market.</p>
<div class="lb-trans"><p>这对华尔街至关重要，因为更高的能源价格可能迅速传导至通胀预期，并削弱健康劳动力市场带来的乐观情绪。</p>
</div><p>The result is a market that is still vulnerable to a “good news is bad news” setup with strong employment can support growth sentiment, but it can also keep rates elevated and extend pressure on sectors that are already rate-sensitive.</p>
<div class="lb-trans"><p>结果是，市场仍然容易受到 “好消息是坏消息” 局面的影响，强劲的就业数据可以支持增长情绪，但也可能使利率保持高位，并加大对已经对利率敏感的行业的压力。</p>
</div><p><strong>AI winners and losers set the tone in tech</strong></p>
<div class="lb-trans"><p><strong>AI 赢家和输家在科技领域定调</strong></p>
</div><p>The premarket tape was far from uniform as Datadog jumped after reporting first-quarter revenue of $1.006 billion, up 32% from a year earlier, and lifting its annual forecast.</p>
<div class="lb-trans"><p>盘前交易并不均匀，Datadog 在报告第一季度收入为 10.06 亿美元，同比增长 32% 并上调年度预测后大幅上涨。</p>
</div><p>Akamai also ripped higher after disclosing a $1.8 billion long-term cloud deal with a frontier model provider, a development that pushed the stock up 24% in extended trading.</p>
<div class="lb-trans"><p>Akamai 在披露与一家前沿模型提供商达成 18 亿美元的长期云协议后也大幅上涨，该消息推动其股价在盘后交易中上涨 24%。</p>
</div><p>Block added to the upbeat tone in fintech, raising its full-year gross profit forecast to $12.33 billion after a 27% jump in first-quarter gross profit.</p>
<div class="lb-trans"><p>Block 在金融科技领域也增添了乐观情绪，预计全年毛利润将达到 123.3 亿美元，此前第一季度毛利润增长了 27%。</p>
</div><p>Against that backdrop, Cloudflare stood out on the downside after warning that growth was slowing and saying it would cut about 20% of its workforce.</p>
<div class="lb-trans"><p>在这种背景下，Cloudflare 则在下行中突出，警告称增长正在放缓，并表示将裁减约 20% 的员工。</p>
</div>

Dow jumps 200 points after strong payrolls data eases slowdown fears

Invezz

Datadog

CloudFlare

Tradr 2X Long DDOG Daily ETF

标普 500 指数

纳斯达克综合指数

Block

在强劲的就业数据缓解了对经济放缓的担忧后，道琼斯指数上涨了 200 点