<p>作者：Joy Wiltermuth 和 Isabel Wang</p>
<p>科技股在周二大幅下跌，但投资者并未放弃标普 500 的其他成分股</p>
<p>科技股在周二下跌，加深了自 6 月初以来高飞领域的抛售潮。</p>
<p>科技股在周二暴跌，延续了自 6 月初开始的下滑，投资者焦急地等待本周晚些时候的 SpaceX 首次公开募股，并从人工智能热潮的热门领域撤退。</p>
<p>担忧主要有两个方面：首先，SpaceX（SPCX）目前计划向公众提供高达 860 亿美元的股份；其次，投资者担心为了购买这些股份而需要通过削减近期获利的投资来筹集现金。</p>
<p>虽然这些可能是投资者退出科技股的主要原因，但可能还有更多因素。正如 Interactive Brokers 的首席策略师 Steve Sosnick 所说，SpaceX 股份的增加供应可能导致市场出现 “坏心理”，并 “促使一些投资者筹集资金来支付这些股份”——但他认为这并不是主要原因。</p>
<p>Sosnick 认为科技股的抛售与周五抛售暴露出的行业 “裂痕” 直接相关。“我们看到客户在周五的下跌中积极买入，当通常的反弹未能出现时，避免这波抛售变得困难，” 他说。</p>
<p>另请阅读：这位大型科技投资者对交易者的警告：注意 SpaceX 首次公开募股。</p>
<p>标普 500 的信息技术板块 XX:SP500.45 在周二收盘下跌 1.8%——这是自周五以来的最糟糕表现，当时该板块暴跌 5.8%，根据 FactSet 的数据。更糟糕的是，Marvel Technology（MRVL）的股价几乎下跌了 10%，而 Micron Technology（MU）的股价下跌超过 4%。</p>
<p>在过去两个月中，半导体和内存股票经历了极端的涨幅，这导致了对近期反弹狭窄范围的焦虑，同时也让投资者担心错过机会。</p>
<p>“好消息是市场并没有被压垮，” Carson Group 的首席市场策略师 Ryan Detrick 表示，指出标普 500 的 11 个板块中仍有 8 个在周二上涨。</p>
<p>在过去两个月中，半导体股票上涨了 70%，“每个人都知道它们该暂停了，” Detrick 说。毕竟，任何牛市的 “命脉” 就是轮动，他指出——这在周二显而易见，因为科技股和其他热门领域下跌，而标普 500 的房地产板块 XX:SP500.60 上涨了 2.1%。</p>
<p>人工智能的波动不仅在美国境内上演，韩国股市 KR:180721 也卷入了买卖狂潮。</p>
<p>阅读：在 24 小时内，韩国市场经历了 16% 的巨大波动。零售 “蚂蚁” 在掌舵，驾驶得相当危险。</p>
<p>除了对 SpaceX 的兴奋和恐惧，华尔街还在为周三发布的 5 月份消费者价格指数做准备，预计将显示年通胀率超过 4%，以及一天后发布的批发价格数据。</p>
<p>在剔除波动较大的食品和能源价格后，低于预期的 CPI 数据将使美联储的利率决策委员会能够将目标政策利率保持在 3.5% 至 3.75%“没有急于朝任何方向移动，确信劳动力市场的韧性，同时关注未来能源传导到核心的风险，” FHN Financial 的宏观策略师 Will Compernolle 在周二的客户报告中表示。</p>
<p>更高的通胀数据将 “意味着独立于战争的加速通胀，市场对 2026 年加息的坚定预期，并鼓励鹰派的美联储官员预测政策收紧。”</p>
<p>见：通胀可能在本周超过 4%。债券市场希望美联储主席 Warsh 证明他会对此进行打击。</p>
<p>Detrick 表示，更高的通胀使得美联储进一步降息的可能性不大，但也表明美国经济正在转角并改善。这种背景应该支持过去几天显现的股票轮动。“也许人们会转向其他被低估的领域，比如价值股，” 他说。</p>
<p>道琼斯工业平均指数 DJIA 在周二上涨 0.2%，而标普 500 下跌 0.3%，纳斯达克综合指数 COMP 收盘下跌 1%，根据 FactSet 的数据。</p>
<p>Tomi Kilgore 贡献</p>
<p>-Joy Wiltermuth -Isabel Wang</p>
<p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻社</p>
<p>06-09-26 1631ET</p>

【多VS空】SpaceX 史上最大 IPO 来了，你买不买？晒出多空交易（正股及杠反ETF都可），获奖概率 UP！活动规则详见话题内置顶活动帖子🎁 奖励· 实仓晒单（5 名）：SPCX 代码杯· 优质观点（3 名）：棒球帽· 互动最高前 5 名：10 HKD 股票现金券· 30 字以上原创评论：200 任务币 *真实观点、真实晒单优先，不鼓励 AI 代笔

<p>【多VS空】SpaceX 史上最大 IPO 来了，你买不买？晒出多空交易（正股及杠反ETF都可），获奖概率 UP！</p><p>活动规则详见话题内置顶活动帖子</p><p>🎁 奖励</p><p>· 实仓晒单（5 名）：SPCX 代码杯</p><p>· 优质观点（3 名）：棒球帽</p><p>· 互动最高前 5 名：10 HKD 股票现金券</p><p>· 30 字以上原创评论：200 任务币 *真实观点、真实晒单优先，不鼓励 AI 代笔</p>

史上最大IPO，SpaceX 纳斯达克敲钟！

标普 500 指数

2倍做多SpaceX ETF-leverage shares

标普 500 ETF - SPDR

<p>科技股在周二大幅下跌，延续了自 6 月初以来的下滑趋势，因为投资者预计 SpaceX 将进行 860 亿美元的首次公开募股。预期的股票供应造成了 “坏心理”，促使一些投资者削减赢家以筹集现金。尽管标准普尔 500 信息技术板块下跌了 1.8%，但市场出现了更广泛的轮动，房地产板块大幅上涨。投资者还在等待即将发布的消费者物价指数数据，这可能会影响美联储的利率预期</p>

<p>By Joy Wiltermuth and Isabel Wang</p>
<div class="lb-trans"><p>作者：Joy Wiltermuth 和 Isabel Wang</p>
</div><p>Tech stocks fell sharply Tuesday, but investors aren't bailing on the rest of the S&amp;P 500</p>
<div class="lb-trans"><p>科技股在周二大幅下跌，但投资者并未放弃标普 500 的其他成分股</p>
</div><p>Tech stocks fell Tuesday, deepening a rout that started in early June for highflying areas of the equity market.</p>
<div class="lb-trans"><p>科技股在周二下跌，加深了自 6 月初以来高飞领域的抛售潮。</p>
</div><p>Technology stocks tumbled on Tuesday, extending a swoon that began in early June, as investors anxiously await the historic SpaceX IPO later this week and retreat from hot parts of the artificial-intelligence playbook.</p>
<div class="lb-trans"><p>科技股在周二暴跌，延续了自 6 月初开始的下滑，投资者焦急地等待本周晚些时候的 SpaceX 首次公开募股，并从人工智能热潮的热门领域撤退。</p>
</div><p>The concern is two-fold: For one, SpaceX (SPCX) is currently planning to supply the public with up to $86 billion worth of its shares; and two, there's the worry that investors will have to raise cash to buy up that supply by trimming stakes in their recent winners.</p>
<div class="lb-trans"><p>担忧主要有两个方面：首先，SpaceX（SPCX）目前计划向公众提供高达 860 亿美元的股份；其次，投资者担心为了购买这些股份而需要通过削减近期获利的投资来筹集现金。</p>
</div><p>While those could be big reasons for investors to back out of tech, there's likely more to it than that. As Steve Sosnick, chief strategist at Interactive Brokers, put it, the increased supply via SpaceX shares may be contributing to &#34;bad psychology&#34; in the market and &#34;causing some investors to raise money to pay for it&#34; - but he doesn't think that's the main reason.</p>
<div class="lb-trans"><p>虽然这些可能是投资者退出科技股的主要原因，但可能还有更多因素。正如 Interactive Brokers 的首席策略师 Steve Sosnick 所说，SpaceX 股份的增加供应可能导致市场出现 “坏心理”，并 “促使一些投资者筹集资金来支付这些股份”——但他认为这并不是主要原因。</p>
</div><p>Sosnick sees the tech selling as directly related to &#34;fractures&#34; in the sector that Friday's selloff exposed. &#34;We saw customers aggressively buying Friday's dip, and when the usual bounce failed, it became hard to avoid the wave,&#34; he said.</p>
<div class="lb-trans"><p>Sosnick 认为科技股的抛售与周五抛售暴露出的行业 “裂痕” 直接相关。“我们看到客户在周五的下跌中积极买入，当通常的反弹未能出现时，避免这波抛售变得困难，” 他说。</p>
</div><p>Also read: This Big Tech investor's warning for traders: Watch out for the SpaceX IPO.</p>
<div class="lb-trans"><p>另请阅读：这位大型科技投资者对交易者的警告：注意 SpaceX 首次公开募股。</p>
</div><p>The S&amp;P 500's information-technology sector XX:SP500.45 closed 1.8% lower on Tuesday - its worst day since Friday, when it plunged 5.8%, according to FactSet. Worse yet was the nearly 10% drop in shares of Marvel Technology (MRVL) and a more than 4% decline in Micron Technology's stock (MU).</p>
<div class="lb-trans"><p>标普 500 的信息技术板块 XX:SP500.45 在周二收盘下跌 1.8%——这是自周五以来的最糟糕表现，当时该板块暴跌 5.8%，根据 FactSet 的数据。更糟糕的是，Marvel Technology（MRVL）的股价几乎下跌了 10%，而 Micron Technology（MU）的股价下跌超过 4%。</p>
</div><p>Semiconductor and memory stocks have seen extreme gains in the past two months, leading to anxiety around the narrow scope of the recent rally but also fear among investors not wanting to miss out on the action.</p>
<div class="lb-trans"><p>在过去两个月中，半导体和内存股票经历了极端的涨幅，这导致了对近期反弹狭窄范围的焦虑，同时也让投资者担心错过机会。</p>
</div><p>&#34;The good news is the market isn't getting crushed,&#34; said Ryan Detrick, chief market strategist at Carson Group, pointing to eight of the S&amp;P 500's SPX 11 sectors still pushing higher on Tuesday.</p>
<div class="lb-trans"><p>“好消息是市场并没有被压垮，” Carson Group 的首席市场策略师 Ryan Detrick 表示，指出标普 500 的 11 个板块中仍有 8 个在周二上涨。</p>
</div><p>With semiconductor stocks gaining 70% in the past two months, &#34;everyone knew they were due for a pause,&#34; Detrick said. After all, the &#34;lifeblood&#34; of any bull market is rotation, he noted - which was evident on Tuesday, as tech and other hot areas of the market dropped while the S&amp;P 500's real-estate sector XX:SP500.60 surged 2.1%.</p>
<div class="lb-trans"><p>在过去两个月中，半导体股票上涨了 70%，“每个人都知道它们该暂停了，” Detrick 说。毕竟，任何牛市的 “命脉” 就是轮动，他指出——这在周二显而易见，因为科技股和其他热门领域下跌，而标普 500 的房地产板块 XX:SP500.60 上涨了 2.1%。</p>
</div><p>The AI whiplash was playing out beyond U.S. boarders, with South Korea's stock market KR:180721 also caught up in the buying-and-selling frenzy.</p>
<div class="lb-trans"><p>人工智能的波动不仅在美国境内上演，韩国股市 KR:180721 也卷入了买卖狂潮。</p>
</div><p>Read: A massive 16% market swing just rocked South Korea over 24 hours. The retail 'ants' at the wheel are driving dangerously.</p>
<div class="lb-trans"><p>阅读：在 24 小时内，韩国市场经历了 16% 的巨大波动。零售 “蚂蚁” 在掌舵，驾驶得相当危险。</p>
</div><p>Beyond the SpaceX excitement - and dread - Wall Street was getting ready for Wednesday's release of May's consumer-price index, which is expected to show the yearly rate of inflation pushing above 4%, as well as a reading of wholesale prices a day later.</p>
<div class="lb-trans"><p>除了对 SpaceX 的兴奋和恐惧，华尔街还在为周三发布的 5 月份消费者价格指数做准备，预计将显示年通胀率超过 4%，以及一天后发布的批发价格数据。</p>
</div><p>After stripping out volatile food and energy prices, a cooler-than-expected CPI print would allow the Fed's interest-rate-setting committee to keep its target policy rate at 3.5% to 3.75% &#34;with little urgency to move in either direction, confident in the labor market's resilience while keeping an eye on the risk of future energy pass-through to the core,&#34; said Will Compernolle, a macro strategist at FHN Financial, in a Tuesday client note.</p>
<div class="lb-trans"><p>在剔除波动较大的食品和能源价格后，低于预期的 CPI 数据将使美联储的利率决策委员会能够将目标政策利率保持在 3.5% 至 3.75%“没有急于朝任何方向移动，确信劳动力市场的韧性，同时关注未来能源传导到核心的风险，” FHN Financial 的宏观策略师 Will Compernolle 在周二的客户报告中表示。</p>
</div><p>A hotter inflation reading would &#34;imply accelerating inflation independent of the war, firm market expectations for a 2026 [rate] hike, and encourage hawkish Fed officials to project policy tightening.&#34;</p>
<div class="lb-trans"><p>更高的通胀数据将 “意味着独立于战争的加速通胀，市场对 2026 年加息的坚定预期，并鼓励鹰派的美联储官员预测政策收紧。”</p>
</div><p>See: Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he'll fight it.</p>
<div class="lb-trans"><p>见：通胀可能在本周超过 4%。债券市场希望美联储主席 Warsh 证明他会对此进行打击。</p>
</div><p>Detrick said higher inflation makes additional rate cuts from the Fed unlikely, but also points to a U.S. economy that's turning a corner and improving. That backdrop should support the rotation in stocks that's been evident in the past few sessions. &#34;Maybe people go to other underloved areas like value,&#34; he said.</p>
<div class="lb-trans"><p>Detrick 表示，更高的通胀使得美联储进一步降息的可能性不大，但也表明美国经济正在转角并改善。这种背景应该支持过去几天显现的股票轮动。“也许人们会转向其他被低估的领域，比如价值股，” 他说。</p>
</div><p>The Dow Jones Industrial Average DJIA gained 0.2% Tuesday, while the S&amp;P 500 fell 0.3% and the Nasdaq Composite Index COMP closed down 1%, according to FactSet.</p>
<div class="lb-trans"><p>道琼斯工业平均指数 DJIA 在周二上涨 0.2%，而标普 500 下跌 0.3%，纳斯达克综合指数 COMP 收盘下跌 1%，根据 FactSet 的数据。</p>
</div><p>Tomi Kilgore contributed</p>
<div class="lb-trans"><p>Tomi Kilgore 贡献</p>
</div><p>-Joy Wiltermuth -Isabel Wang</p>
<div class="lb-trans"><p>-Joy Wiltermuth -Isabel Wang</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 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻社和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻社</p>
</div><p>06-09-26 1631ET</p>
<div class="lb-trans"><p>06-09-26 1631ET</p>
</div>

Tech stocks dive as Friday's incoming SpaceX IPO creates 'bad psychology'

- 科技股周二大幅下跌，S&P 500 的科技板块降幅达 1.8%。  
- 投资者因 SpaceX 即将上市而担忧，造成市场心理疲弱。  
- 尽管科技股下滑，S&P 500 的其他八个板块仍有上涨。

Dow Jones

标普 500 ETF - iShares

标普 500 ETF - Vanguard

组合标普 500 ETF - SPDR

3 倍做多标普 500 ETF - Direxion

3 倍做多标普 500 ETF - ProShares

2 倍做多标普 500 ETF - ProShares

做空标普 500 ETF - ProShares

3 倍做空标普 500 ETF - Direxion

3 倍做空标普 500 ETF - ProShares

迈威尔科技

美光科技

盈透证券

道琼斯指数

纳斯达克综合指数

第一地平线

FIRST HORIZON CORPORATION 6.50% DEP SHS REP 1/4000 PER PFD SER E

FIRST HORIZON CORPORATION DEP SHS REP 1/400 NON CUM PER PFD SER C

FIRST HORIZON CORPORATION DEP SHS REP 1/400 NON CUM PER PFD SER B

FIRST HORIZON CORPORATION DEP SH REP 1/4000 INT NON CUM PFD H WI

FIRST HORIZON CORPORATION DEP SHS REPSTG 1/4000TH PERP PFD SER F

科技股下跌，因周五即将到来的 SpaceX IPO 引发了 ‘不良心理’