<p>美國股市在週五上漲，強於預期的四月就業報告增強了對勞動力市場韌性的信心。</p>
<p>道瓊斯工業平均指數上漲 208 點，或 0.4%，標準普爾 500 指數上漲約 0.5%，納斯達克綜合指數上漲約 0.6%。</p>
<p>投資者在週五的交易中權衡了強於預期的四月就業報告與重新加劇的地緣政治緊張局勢和更高的油價。</p>
<p>市場仍在試圖判斷，強勁的招聘是否會增強對經濟的信心，或進一步推遲對美聯儲降息的預期。</p>
<p>上個月僱主新增了 115,000 個職位，遠高於經濟學家預測的 62,000 個，而失業率維持在 4.3%。</p>
<p>三月份的招聘人數也被上調至 185,000。</p>
<p><strong>就業數據超預期，但美聯儲仍在考慮中</strong></p>
<p>強勁的就業數據給交易者提供了進入股市的理由，但並未消除對利率的緊張情緒。</p>
<p>勞動力市場仍在以穩健的速度增加就業，使得在短期內主張美聯儲放鬆政策變得更加困難，尤其是在政策制定者已經對持續的通脹感到擔憂的情況下。</p>
<p>這就是為什麼市場反應可能會取決於交易首小時債券收益率的表現。</p>
<p>報告發布後，國債收益率下滑，表明投資者也在權衡就業增長放緩和工資壓力減輕可能抵消頭條數據超預期的可能性。</p>
<p><strong>地緣政治和油價抑制了樂觀情緒</strong></p>
<p>勞動力數據帶來的任何提振都被更廣泛的宏觀背景所削弱。</p>
<p>油價對美國與伊朗在霍爾木茲海峽的衝突重新爆發高度敏感，原油在衝突後回吐了漲幅，重新引發了對供應中斷的擔憂。</p>
<p>這對華爾街至關重要，因為更高的能源價格可能迅速傳導至通脹預期，並削弱健康勞動力市場帶來的樂觀情緒。</p>
<p>結果是，市場仍然容易受到 “好消息是壞消息” 局面的影響，強勁的就業數據可以支持增長情緒，但也可能使利率保持高位，並加大對已經對利率敏感的行業的壓力。</p>
<p><strong>AI 贏家和輸家在科技領域定調</strong></p>
<p>盤前交易並不均勻，Datadog 在報告第一季度收入為 10.06 億美元，同比增長 32% 並上調年度預測後大幅上漲。</p>
<p>Akamai 在披露與一家前沿模型提供商達成 18 億美元的長期雲協議後也大幅上漲，該消息推動其股價在盤後交易中上漲 24%。</p>
<p>Block 在金融科技領域也增添了樂觀情緒，預計全年毛利潤將達到 123.3 億美元，此前第一季度毛利潤增長了 27%。</p>
<p>在這種背景下，Cloudflare 則在下行中突出，警告稱增長正在放緩，並表示將裁減約 20% 的員工。</p>

道瓊斯指數

DDOG

阿克邁技術

DOGD

<p>美國股市在週五上漲，道瓊斯指數上漲 208 點（0.4%），因四月份的就業報告強於預期，顯示新增 115,000 個就業崗位，失業率為 4.3%。儘管勞動數據積極，但地緣政治緊張局勢和油價上漲的擔憂抑制了市場的熱情。該報告使得市場對美聯儲降息的預期變得複雜，因為強勁的勞動市場可能會維持利率在高位。科技股表現參差不齊，Datadog 和 Akamai 上漲，而 Cloudflare 則警告增長放緩和裁員</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>美國股市在週五上漲，強於預期的四月就業報告增強了對勞動力市場韌性的信心。</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>道瓊斯工業平均指數上漲 208 點，或 0.4%，標準普爾 500 指數上漲約 0.5%，納斯達克綜合指數上漲約 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>投資者在週五的交易中權衡了強於預期的四月就業報告與重新加劇的地緣政治緊張局勢和更高的油價。</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>市場仍在試圖判斷，強勁的招聘是否會增強對經濟的信心，或進一步推遲對美聯儲降息的預期。</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>上個月僱主新增了 115,000 個職位，遠高於經濟學家預測的 62,000 個，而失業率維持在 4.3%。</p>
</div><p>March hiring was also revised higher to 185,000.</p>
<div class="lb-trans"><p>三月份的招聘人數也被上調至 185,000。</p>
</div><p><strong>Jobs beat, but the Fed is still in the frame</strong></p>
<div class="lb-trans"><p><strong>就業數據超預期，但美聯儲仍在考慮中</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>強勁的就業數據給交易者提供了進入股市的理由，但並未消除對利率的緊張情緒。</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>勞動力市場仍在以穩健的速度增加就業，使得在短期內主張美聯儲放鬆政策變得更加困難，尤其是在政策制定者已經對持續的通脹感到擔憂的情況下。</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>這就是為什麼市場反應可能會取決於交易首小時債券收益率的表現。</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>報告發布後，國債收益率下滑，表明投資者也在權衡就業增長放緩和工資壓力減輕可能抵消頭條數據超預期的可能性。</p>
</div><p><strong>Geopolitics and oil keep a lid on euphoria</strong></p>
<div class="lb-trans"><p><strong>地緣政治和油價抑制了樂觀情緒</strong></p>
</div><p>Any boost from the labor data is being tempered by the broader macro backdrop.</p>
<div class="lb-trans"><p>勞動力數據帶來的任何提振都被更廣泛的宏觀背景所削弱。</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>油價對美國與伊朗在霍爾木茲海峽的衝突重新爆發高度敏感，原油在衝突後回吐了漲幅，重新引發了對供應中斷的擔憂。</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>這對華爾街至關重要，因為更高的能源價格可能迅速傳導至通脹預期，並削弱健康勞動力市場帶來的樂觀情緒。</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>結果是，市場仍然容易受到 “好消息是壞消息” 局面的影響，強勁的就業數據可以支持增長情緒，但也可能使利率保持高位，並加大對已經對利率敏感的行業的壓力。</p>
</div><p><strong>AI winners and losers set the tone in tech</strong></p>
<div class="lb-trans"><p><strong>AI 贏家和輸家在科技領域定調</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>盤前交易並不均勻，Datadog 在報告第一季度收入為 10.06 億美元，同比增長 32% 並上調年度預測後大幅上漲。</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 在披露與一家前沿模型提供商達成 18 億美元的長期雲協議後也大幅上漲，該消息推動其股價在盤後交易中上漲 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 在金融科技領域也增添了樂觀情緒，預計全年毛利潤將達到 123.3 億美元，此前第一季度毛利潤增長了 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>在這種背景下，Cloudflare 則在下行中突出，警告稱增長正在放緩，並表示將裁減約 20% 的員工。</p>
</div>

Dow jumps 200 points after strong payrolls data eases slowdown fears

Invezz

Datadog

CloudFlare

Tradr 2X Long DDOG Daily ETF

標普 500 指數

納斯達克綜合指數

Block

在強勁的就業數據緩解了對經濟放緩的擔憂後，道瓊斯指數上漲了 200 點