The Dow Rose 1.4% on Thursday

道指周四（9月5日）上涨1.4%

The rally started when news broke that officials from the U.S. and China would meet for trade talks early next month. Specifically, tech and energy stocks led U.S. markets higher—that’s because those two sectors are sensitive to global economic growth and trade.

有关中美两国官员将于下月初会面举行贸易谈判的消息传出后，道指就开始上涨。科技股和能源股涨幅最大，这是因为这两个板块对全球经济增长和贸易形势较为敏感。

In reaction to the positive news, the markets usually considered “safer” sold off on Thursday. Gold futures fell more than 2%, and Treasury prices fell, pushing yields higher.

这一利好消息传出后，通常被认为是“更安全”的资产当日遭到抛售：黄金期货下跌超过2%，美国国债价格也下跌，推动收益率上升。

The U.S. Gets a 22nd Place on a New Sustainability Ranking

美国在新的可持续发展排名中名列第22位

—from Sustainalytics, a firm that rates companies and countries on how responsible they are: environmentally, socially, and governmentally. That means 21 developed countries like France and New Zealand have more sustainable policies than the U.S.

这是Sustainalytics的评选出的排名，Sustainalytics是一家根据企业和国家在环境、社会和治理方面负责任程度而对其进行评级的公司。美国的名次这说明法国和新西兰等21个发达国家的政策都比美国更具可持续性。

The country with the top rating was Norway, with Sweden as number two and Switzerland in third place. But it’s important to remember that these ratings are highly subjective. Norway is a well-run country, of course, but it’s also one of the world’s largest exporters of oil.

排名第一的国家是挪威，瑞典和瑞士分别排名第二和第三。但要记住的是，这些评级非常主观。挪威的确是一个运行良好的国家，但它也是世界上最大的石油出口国之一。

Shares of Companies That Have gone public is Since 2010 Have a Medium Shortfall of 28 Percentage Points

2010年以来上市的公司的股价低于IPO价格幅度的中值为28个百分点

That’s according to Goldman Sachs. The underperformance shouldn’t be that much of a surprise. Uber and Lyft have both fallen far below their IPO prices this year.

这是高盛(Goldman Sachs)得出的数据。投资者不应对这样大的幅度感到吃惊，因为今年优步(Uber)和Lyft的股价都远低于IPO价格。

But investors might want to keep that in mind ahead of the IPO from WeWork. The company is reportedly thinking about cutting its valuation. Not all companies underperform. Goldman Sachs found that newly listed stocks are more likely to outperform the broader market if their sales are growing by 20% each year.

但投资者应该在WeWork进行IPO之前记住这一点。据报道，该公司正在考虑下调估值。但并非所有公司的表现都这么不好。高盛发现，如果新上市公司的销售额每年能增长20%，那么它们的股票则更有可能跑赢大盘。

翻译 | Anqi

版权声明：

《巴伦》(barronschina) 原创文章，未经许可，不得转载。英文版见2019年9月6日报道“Podcast: How the U.S. Ranks in Sustainability”。

（本文内容仅供参考，投资建议不代表《巴伦》倾向；市场有风险，投资须谨慎。）