<p>作者：Mike Murphy</p>
<p>隨着年末的臨近，投資者正在評估形勢。</p>
<p>美國股指期貨在週日變化不大，投資者展望年內最後一個完整的交易周。</p>
<p>道瓊斯工業平均指數期貨（YM00）、標準普爾 500 指數期貨（ES00）和納斯達克 100 指數期貨（NQ00）在週日稍晚時段小幅下跌。</p>
<p>比特幣（BTCUSD）維持在 88,000 美元以上，週末下跌約 2%。黃金（GC00）和白銀期貨（SI00）上漲，而原油期貨（CL.1）小幅走高。</p>
<p>週五股市下滑，科技板塊大幅下跌，投資者繼續進行從人工智能股票的 “輪換交易”。根據道瓊斯市場數據，標準普爾 500 指數（SPX）本週下跌 0.6%，以科技股為主的納斯達克指數（COMP）下跌 1.6%，而道瓊斯指數（DJIA）上漲 1%。</p>
<p>查看更多：投資者正在拋售股市贏家，幾乎購買所有其他資產。這是一個好兆頭。</p>
<p>Wedbush 的分析師在週日的報告中表示，儘管上週人工智能股票出現 “緊張”，但他們仍然對 “絕大多數基本驅動因素和交易信號保持樂觀”。</p>
<p>分析師 Seth Basham 表示：“除非出現廣泛的延誤，導致人工智能生態系統的預期重置，否則我們將關注仍然強勁的潛在需求。”</p>
<p>SPI 資產管理公司的管理合夥人 Stephen Innes 表示，人工智能股票近期的疲軟是件好事。他在週末的報告中表示：“這次反彈不再依賴於單一的人工智能支柱。參與度正在擴大，領導層正在輪換，市場正在慢慢用更堅實的東西取代狹隘的、以故事驅動的上漲：這是一種改善實際活動預期的表現，得到了更寬鬆的金融條件的支持。”</p>
<p>本週將是年內最後一個不間斷的交易周，因為聖誕節和新年假期即將來臨。</p>
<p>11 月的就業報告將於週二發佈，關鍵的通脹數據將在週四公佈，投資者希望在美聯儲上週連續第三次降息後看到令人安心的跡象。然而，由於政府停擺的持續影響，本週的經濟數據將基於較舊的數據，投資者對這些數據可能會持謹慎態度。</p>
<p>閲讀更多：股市在年末最後的交易衝刺中面臨風險。該把錢放在哪裏。</p>
<p>-Mike Murphy</p>
<p>此內容由 MarketWatch 創作，MarketWatch 由道瓊斯公司運營。MarketWatch 與道瓊斯新聞通訊和《華爾街日報》獨立出版。</p>
<p>（完）道瓊斯新聞通訊</p>
<p>12-14-25 1818ET</p>

<p>美國股指期貨在今年最後一個完整交易周前變化不大。道瓊斯、標準普爾 500 和納斯達克期貨略有下跌，而比特幣下跌了 2%。黃金和白銀期貨上漲，原油小幅上漲。儘管人工智能股票波動，分析師仍持樂觀態度，指出市場參與度在擴大。由於政府停擺導致的數據過時，未來的經濟報告可能會受到謹慎對待</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>隨着年末的臨近，投資者正在評估形勢。</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>美國股指期貨在週日變化不大，投資者展望年內最後一個完整的交易周。</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>道瓊斯工業平均指數期貨（YM00）、標準普爾 500 指數期貨（ES00）和納斯達克 100 指數期貨（NQ00）在週日稍晚時段小幅下跌。</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>比特幣（BTCUSD）維持在 88,000 美元以上，週末下跌約 2%。黃金（GC00）和白銀期貨（SI00）上漲，而原油期貨（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>週五股市下滑，科技板塊大幅下跌，投資者繼續進行從人工智能股票的 “輪換交易”。根據道瓊斯市場數據，標準普爾 500 指數（SPX）本週下跌 0.6%，以科技股為主的納斯達克指數（COMP）下跌 1.6%，而道瓊斯指數（DJIA）上漲 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：投資者正在拋售股市贏家，幾乎購買所有其他資產。這是一個好兆頭。</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 的分析師在週日的報告中表示，儘管上週人工智能股票出現 “緊張”，但他們仍然對 “絕大多數基本驅動因素和交易信號保持樂觀”。</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>分析師 Seth Basham 表示：“除非出現廣泛的延誤，導致人工智能生態系統的預期重置，否則我們將關注仍然強勁的潛在需求。”</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 資產管理公司的管理合夥人 Stephen Innes 表示，人工智能股票近期的疲軟是件好事。他在週末的報告中表示：“這次反彈不再依賴於單一的人工智能支柱。參與度正在擴大，領導層正在輪換，市場正在慢慢用更堅實的東西取代狹隘的、以故事驅動的上漲：這是一種改善實際活動預期的表現，得到了更寬鬆的金融條件的支持。”</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>本週將是年內最後一個不間斷的交易周，因為聖誕節和新年假期即將來臨。</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 月的就業報告將於週二發佈，關鍵的通脹數據將在週四公佈，投資者希望在美聯儲上週連續第三次降息後看到令人安心的跡象。然而，由於政府停擺的持續影響，本週的經濟數據將基於較舊的數據，投資者對這些數據可能會持謹慎態度。</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>閲讀更多：股市在年末最後的交易衝刺中面臨風險。該把錢放在哪裏。</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>此內容由 MarketWatch 創作，MarketWatch 由道瓊斯公司運營。MarketWatch 與道瓊斯新聞通訊和《華爾街日報》獨立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道瓊斯新聞通訊</p>
</div><p>12-14-25 1818ET</p>
<div class="lb-trans"><p>12-14-25 1818ET</p>
</div>

在今年最後一個完整交易周開始前，美國股指期貨幾乎沒有變化