<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png?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://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>早餐新聞：八月市場動能</h2>
<p>###2025 年 9 月 2 日</p>
<table>
<thead>
<tr>
<th>週五市場</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>標準普爾 500 指數</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>納斯達克</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>道瓊斯</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>比特幣</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
<p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg?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://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg"/></p>
<h2>1. 八月市場反彈顯示強勁廣度</h2>
<p>標準普爾 500 指數在八月上漲了 1.9%，接近歷史高點，改善的廣度表明反彈是健康的，因為近 70% 的成分股交易價格高於其 50 日和 200 日移動平均線。</p>
<ul>
<li><strong>主要指數連續第四個月上漲：</strong> <strong>阿爾貝馬爾</strong>(ALB -0.07%) 表現最佳，上漲 26.8%，因鋰生產商受益於鋰價的急劇上漲。第二名是 <strong>英特爾</strong>(INTC -2.29%)，在美國政府宣佈被動投資後飆升 25%。</li>
<li><strong>九月是股市歷史上表現較弱的月份：</strong> 在過去五年中，標準普爾 500 指數在九月平均下跌 4.2%，在過去十年中該月平均下跌 2%。</li>
</ul>
<h2>2. 軟件收益成為焦點</h2>
<p>_隱藏的寶石_推薦的 <strong>Zscaler</strong>(ZS -1.20%) 將在週二收盤後發佈財報。在上個季度獲得重大客户勝利後，投資者將關注該網絡安全公司進一步的雄心勃勃的增長計劃。</p>
<ul>
<li><strong>連續四個季度超出每股收益預期：</strong> <strong>Salesforce</strong>(CRM 0.72%) 將在週三收盤後發佈季度財報。_規則破壞者_推薦預計將顯示收入和利潤的增長，因為人工智能和雲計算的採用持續增加。</li>
<li><strong>兩家關鍵的軟件即服務提供商：</strong> <strong>Braze</strong>(BRZE 1.24%) 和 <strong>DocuSign</strong>(DOCU 1.37%) 將在週四的盤後交易中發佈財報。上個季度，這兩家公司更新的全年預測均令人失望。</li>
</ul>
<h2>3. 週四繼續發佈顯著財報</h2>
<p>_股票顧問_推薦的 <strong>Lululemon</strong>(LULU -1.46%) 將在週四收盤後發佈財報，投資者希望看到與關税相關的壓力和上個季度疲弱的宏觀經濟情緒是否有所緩解。</p>
<ul>
<li><strong>我們 Moneyball 數據庫中的超級評分為 75：</strong> <strong>博通</strong>(AVGO -3.70%) 也計劃在週四收盤後發佈財報，繼續受益於人工智能驅動的需求。</li>
<li><strong>北美交易流的更新可能：</strong> <strong>Endava</strong>(DAVA 0.48%) 將在週四市場開盤前發佈財報，因上個季度財報後由於前景令人失望，股價在一週內下跌了 24%。</li>
</ul>
<h2>4. 就業數據將指導美聯儲政策</h2>
<p>本週的勞動市場數據將於週三公佈職位空缺和勞動流動調查（JOLTS）數據，週四的 ADP 就業變化預計將顯示每月淨增加 8 萬，作為週五非農就業數據的前兆。</p>
<ul>
<li><strong>數據預計顯示勞動市場放緩：</strong> 共識預期的非農就業人數為 7.5 萬，較之前的 7.3 萬略有下降，平均時薪預計將從 3.9% 降至 3.7%，失業率預計將從 7 月的 4.2% 上升至 4.3%。</li>
<li><strong>關鍵信息將指導即將召開的美聯儲會議：</strong> 本週的就業數據，以及下週的生產者價格指數和消費者價格指數的通脹數據，將影響 9 月 16-17 日美聯儲會議的貨幣政策行動。</li>
</ul>
<h2>5. 你的看法</h2>
<p>你的投資組合中有多少資金處於現金狀態，而有多少資金投資於股票？為什麼這個比例在現在是這樣的？與朋友和家人討論，或者成為會員，聽聽其他投資者的看法。</p>

英特爾

博通

<p>八月份的市場反彈使標準普爾 500 指數上漲了 1.9%，接近歷史最高點，70% 的股票位於關鍵移動平均線之上。阿爾貝馬爾和英特爾表現突出。然而，九月份在歷史上對股票來説通常較弱。預計將發佈 Zscaler、Salesforce、Lululemon 和博通的關鍵財報。本週的勞動力市場數據將影響美聯儲政策，預計就業增長放緩，失業率略有上升。投資者被鼓勵評估他們的現金與股票投資的比例</p>

<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png" alt="" original-src="https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>Breakfast News: August Market Momentum</h2>
<div class="lb-trans"><h2>早餐新聞：八月市場動能</h2>
</div><h3>September 2, 2025</h3>
<div class="lb-trans"><p>###2025 年 9 月 2 日</p>
</div><table>
<thead>
<tr>
<th>Friday's Markets</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>S&amp;P 500</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>Nasdaq</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>Dow</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>Bitcoin</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>週五市場</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>標準普爾 500 指數</strong><br/>6,460 (-0.64%)</td>
</tr>
<tr>
<td><strong>納斯達克</strong><br/>21,456 (-1.15%)</td>
</tr>
<tr>
<td><strong>道瓊斯</strong><br/>45,545 (-0.2%)</td>
</tr>
<tr>
<td><strong>比特幣</strong><br/>$107,962 (-3.63%)</td>
</tr>
</tbody>
</table>
</div><p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg/query-MTc1NjgwOTYxMg" alt="" original-src="https://braze-images.com/appboy/communication/assets/image_assets/images/68b6c98cc33db7006518a532/original.jpg?1756809612"/></p>
<h2>1. August's Market Rally Shows Strong Breadth</h2>
<div class="lb-trans"><h2>1. 八月市場反彈顯示強勁廣度</h2>
</div><p>The S&amp;P 500 posted a 1.9% gain during August and finished close to record highs, with improving breadth suggesting the rally is healthy, as nearly 70% of constituents are trading above their 50- and 200-day moving averages.</p>
<div class="lb-trans"><p>標準普爾 500 指數在八月上漲了 1.9%，接近歷史高點，改善的廣度表明反彈是健康的，因為近 70% 的成分股交易價格高於其 50 日和 200 日移動平均線。</p>
</div><ul>
<li><strong>Fourth straight monthly gain for the main index: Albemarle</strong>(ALB -0.07%) was the best performer, climbing 26.8%, as the lithium producer got a bump thanks to the sharp rise in the lithium price. In second was <strong>Intel</strong>(INTC -2.29%), which soared 25% after the U.S. government announced a passive investment.</li>
<li><strong>September a historically weak month for the stock market:</strong> The S&amp;P 500 has declined by an average of 4.2% in September during the last five years, with it down by 2% on average during the month over the past decade.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>主要指數連續第四個月上漲：</strong> <strong>阿爾貝馬爾</strong>(ALB -0.07%) 表現最佳，上漲 26.8%，因鋰生產商受益於鋰價的急劇上漲。第二名是 <strong>英特爾</strong>(INTC -2.29%)，在美國政府宣佈被動投資後飆升 25%。</li>
<li><strong>九月是股市歷史上表現較弱的月份：</strong> 在過去五年中，標準普爾 500 指數在九月平均下跌 4.2%，在過去十年中該月平均下跌 2%。</li>
</ul>
</div><h2>2. Software Earnings Take Center Stage</h2>
<div class="lb-trans"><h2>2. 軟件收益成為焦點</h2>
</div><p><em>Hidden Gems</em> recommendation <strong>Zscaler</strong>(ZS -1.20%) reports after the closing bell on Tuesday. After scoring big client wins last quarter, investors will be watching out for further ambitious growth plans from the cybersecurity business.</p>
<div class="lb-trans"><p>_隱藏的寶石_推薦的 <strong>Zscaler</strong>(ZS -1.20%) 將在週二收盤後發佈財報。在上個季度獲得重大客户勝利後，投資者將關注該網絡安全公司進一步的雄心勃勃的增長計劃。</p>
</div><ul>
<li><strong>Earnings per share expectations beaten for four straight quarters:</strong> After the market closes on Wednesday, <strong>Salesforce</strong>(CRM 0.72%) releases quarterly earnings. The <em>Rule Breakers</em> rec is expected to show growth in revenue and profits, as AI and cloud adoption continues.</li>
<li><strong>Two key software-as-a-service providers:</strong> <strong>Braze</strong>(BRZE 1.24%) and <strong>DocuSign</strong>(DOCU 1.37%) both report Thursday in post-market trading. Last quarter, both companies underwhelmed with updated full-year forecasts.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>連續四個季度超出每股收益預期：</strong> <strong>Salesforce</strong>(CRM 0.72%) 將在週三收盤後發佈季度財報。_規則破壞者_推薦預計將顯示收入和利潤的增長，因為人工智能和雲計算的採用持續增加。</li>
<li><strong>兩家關鍵的軟件即服務提供商：</strong> <strong>Braze</strong>(BRZE 1.24%) 和 <strong>DocuSign</strong>(DOCU 1.37%) 將在週四的盤後交易中發佈財報。上個季度，這兩家公司更新的全年預測均令人失望。</li>
</ul>
</div><h2>3. Notable Earnings Continue on Thursday</h2>
<div class="lb-trans"><h2>3. 週四繼續發佈顯著財報</h2>
</div><p><em>Stock Advisor</em> rec <strong>Lululemon</strong>(LULU -1.46%) releases earnings on Thursday after hours, with investors wanting to see if tariff-related pressures and weak macroeconomic sentiment from last quarter has eased off.</p>
<div class="lb-trans"><p>_股票顧問_推薦的 <strong>Lululemon</strong>(LULU -1.46%) 將在週四收盤後發佈財報，投資者希望看到與關税相關的壓力和上個季度疲弱的宏觀經濟情緒是否有所緩解。</p>
</div><ul>
<li><strong>Superscore</strong> <strong>of 75 in our Moneyball database: Broadcom</strong>(AVGO -3.70%) is also scheduled to put out results after the market closes on Thursday, as it continues to ride on the coattails of AI-driven demand.</li>
<li><strong>Update on North America deal flow likely:</strong> <strong>Endava</strong>(DAVA 0.48%) reports before the market opens on Thursday, with caution ahead following the 24% stock price drop in the week following last quarter's earnings due to a disappointing outlook.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>我們 Moneyball 數據庫中的超級評分為 75：</strong> <strong>博通</strong>(AVGO -3.70%) 也計劃在週四收盤後發佈財報，繼續受益於人工智能驅動的需求。</li>
<li><strong>北美交易流的更新可能：</strong> <strong>Endava</strong>(DAVA 0.48%) 將在週四市場開盤前發佈財報，因上個季度財報後由於前景令人失望，股價在一週內下跌了 24%。</li>
</ul>
</div><h2>4. Jobs Data to Guide Fed's Policy</h2>
<div class="lb-trans"><h2>4. 就業數據將指導美聯儲政策</h2>
</div><p>Labor market data this week kicks off with Job Openings and Labor Turnover Survey (JOLTS) numbers on Wednesday, with the ADP employment change on Thursday expected to show a monthly net 80k addition, providing a precursor for Non-Farm Payrolls on Friday.</p>
<div class="lb-trans"><p>本週的勞動市場數據將於週三公佈職位空缺和勞動流動調查（JOLTS）數據，週四的 ADP 就業變化預計將顯示每月淨增加 8 萬，作為週五非農就業數據的前兆。</p>
</div><ul>
<li><strong>Data expected to show a slowing labor market:</strong> The consensus headline payrolls print is 75k, a small drop from the 73k prior reading, with average hourly earnings likely to fall from 3.9% to 3.7%, and a move higher in the unemployment rate to 4.3% from 4.2% in July.</li>
<li><strong>Key information to guide the upcoming Federal Reserve meeting:</strong> The employment data this week, followed by Producer Price Index and Consumer Price Index inflation readings next week, will influence the monetary policy actions at the September 16-17 Fed meeting.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>數據預計顯示勞動市場放緩：</strong> 共識預期的非農就業人數為 7.5 萬，較之前的 7.3 萬略有下降，平均時薪預計將從 3.9% 降至 3.7%，失業率預計將從 7 月的 4.2% 上升至 4.3%。</li>
<li><strong>關鍵信息將指導即將召開的美聯儲會議：</strong> 本週的就業數據，以及下週的生產者價格指數和消費者價格指數的通脹數據，將影響 9 月 16-17 日美聯儲會議的貨幣政策行動。</li>
</ul>
</div><h2>5. Your Take</h2>
<div class="lb-trans"><h2>5. 你的看法</h2>
</div><p>How much of your investment portfolio is sitting in cash versus being invested in stocks, and why that percentage right now? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.</p>
<div class="lb-trans"><p>你的投資組合中有多少資金處於現金狀態，而有多少資金投資於股票？為什麼這個比例在現在是這樣的？與朋友和家人討論，或者成為會員，聽聽其他投資者的看法。</p>
</div>

Breakfast News: August Market Momentum

- 8 月市場表現強勁，S&P 500 上漲 1.9%，接近歷史高點。
- 9 月通常是股市疲軟的月份，過去五年平均下跌 4.2%。
- 本週就業數據將影響美聯儲政策，預計非農就業人數為 75,000。

早餐新聞：八月市場動向