昨天美国股市大涨反弹，标普500在开盘下降大约1%之后，收盘接近持平。今早股指期货试图维持昨日的反弹，但随着早市的进展已经走低，标普期货目前下降4个基点。

随着波动率指数衡量的市场波动性的逆转，昨天早上明显增加的恐惧和不确定性现在也在逐渐消退。

昨天美国股市的反弹也帮助全球市场稳定下来。日本的日经指数（Nikkei）扳回了昨天大部分1.4%的损失，欧洲市场交易稳定略有增高，能源股和金融股相对强劲。今早石油也有所反弹，鉴于OPEC（石油输出国组织）继续探讨将生产削减协议延长至六月以后的可能性，原油期货在早盘交易中上涨1.0%。

今天的新闻内容不多，几乎没有宏观数据记录。二月提前的批发库存报道上涨0.4%，而Briefing.com预测上涨0.2%，但对市场没有造成影响。在今天的经济日历上还剩几件事：东部时间九点标普Case-Shiller 住房价格指数发布，随后东部时间10点消费者信心报告。没有哪个报告估计会对市场产生影响，但如果消费者信心大幅上升或下降可能会看到市场有所回应。

美联储主席Yellen，达拉斯联储局主席Kaplan（FOMC投票者），堪萨斯市联储局主席George（非FOMC投票者），以及美联储官员Powell今天都将发表演讲。然而，他们演讲的内容可能不会影响市场走向。基准10年期国债收益率目前下降1个基点至2.37%。

在企业新闻方面，Red Hat（股票代码：RHT）在公布了优于预期销售和符合预期盈利报告之后，同时公布的2018财年的EPS（每股盈利）和收入均高于预期，股票交易高涨5%。Darden 餐厅（股票代码：DRI）在其发布优于预期的盈利和符合预期收入报告，同时发布2017财年上行EPS指南并宣布收购Cheddar的Scartch Kitchen之后，股票上涨4%。HIS Markit（股票代码：INFO）和FactSet（股票代码：PDS）分别发布其盈利报告之后没怎么变化。今天收市后还需要密切关注RestorationHardware (股票代码：RH),Verint Systems (股票代码：VRNT), Ollie's Bargain Outlet (股票代码：OLLI)and Dave & Busters (股票代码：PLAY) 以及其他几家公司的盈利报告。

今早股市形势更加稳定，但最近的市场走势阻碍了截至三月的强劲上升趋势。

More Stable Today

The U.S. stock market put together an impressive rebound yesterday, with the S&P 500 finishing the day nearly flat after opening lower by around 1%. Equity futures are trying to hold onto that rebound this morning, but they've edged lower as the morning has progressed and S&P futures are now lower by four points. 

The increased fear and uncertainty that was evident yesterday morning has also subsided for now, with a reversal in market volatility as measured by the VIX Index. 

Yesterday's rebound in U.S. stocks has helped global markets stabilize as well. Japan's Nikkei recouped most of yesterday's 1.4% loss and European markets are trading flat to modestly higher, with relative strength in energy and financials. Oil is rebounding as well this morning, with crude oil futures up 1.0% in early action as OPEC continues to mull over the possibility of extending its production cut agreement beyond June.

News flow has been light today, with little macro data of note. February advanced Wholesale Inventories were reported at +0.4% vs. the +0.2% Briefing.com consensus, but had no market impact. There are a few items left on today's economic calendar, with the S&P Case-Shiller Home Price Index at 9:00 ET, followed by Consumer Confidence at 10:00 ET. Neither report is likely to have much market impact, but a big beat or miss on Consumer Confidence could see a response in markets.

Fed Chair Yellen, Dallas Fed President Kaplan (FOMC voter), Kansas City Fed President George (non-FOMC voter), and Fed Governor Powell are all scheduled to speak today. However, they aren't expected to provide much market-moving content. The benchmark 10-year yield is currently down one basis point at 2.37%. 

In corporate news, Red Hat (RHT) is trading higher by 5% after reporting in-line earnings on better than expected sales, while issuing FY18 EPS and revenue above consensus. Darden Restaurants (DRI) is higher by 4% after it beat earnings expectations on in-line revenue, while issuing upside FY17 EPS guidance and announing the acquisition of Cheddar's Scratch Kitchen. IHS Markit (INFO) and FactSet (FDS) are little changed following their respective earnings reports. After the close tonight look for earnings reports from Restoration Hardware (RH), Verint Systems (VRNT), Ollie's Bargain Outlet (OLLI) and Dave & Busters (PLAY), among a few others. 

It's shaping up to be a more stable morning today, but the recent market action has put a damper on the strong uptrend that was in place up until March.

这篇文章已被翻译成中文。原英文作者Briefing.com。如英文版本和中文版本之间有任何不一致，以英文版本为准。该文章中的分析仅为提供信息，不是也不应该被视为推销或招揽购买任何证券。文章中讨论的一般市场活动、行业或领域趋势、或其它基于广泛的经济或政治条件的内容，不应被解释为研究结果或投资建议。讨论中提及包括的特定证券、商品、货币、或其它产品均不构成IB推荐购买，出售或持有此类投资的建议。本材料不是也不意图针对个别客户的特定财务条件、投资目标或要求。在根据本材料采取行动之前，您应该考虑是否适合您的具体情况，并在必要时寻求专业建议。

The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.