美国国家公共电台 NPR Another Rout In The Stock Market, As Dow Drops More Than 1,000 Points

 

ARI SHAPIRO, HOST:

U.S. stocks fell sharply again today. For the second time this week, the Dow Jones Industrial Average was down more than a thousand points, 4.1 percent. NPR's John Ydstie reports that the market is still trying to find its footing after a similar meltdown on Monday.

JOHN YDSTIE, BYLINE¹: The market did regained² close to half its deep Monday loss on Tuesday. And on Wednesday, it recorded a smaller loss. But today, just after the opening bell, it headed down sharply. Several attempts to rally failed, and it dived steeply in the final hour of the session, ending down nearly 1,033 points.

DAVID KOTOK: Selling is now overdone³.

YDSTIE: That's David Kotok, chairman of Cumberland Advisors⁴.

KOTOK: This stock market sell-off has now corrected prices back to the level that preceded the passage of the tax bill.

YDSTIE: Enthusiasm about a corporate⁵ tax cut had helped drive the stock market up a whopping 7 percent in January to a record high. Lots of market analysts⁶ and investors⁷ feared that the market had become overvalued. And today, many said the panic selling was a sign of those fears playing out. Today's losses put stocks in what experts call correction territory - technically⁸ speaking, a loss of 10 percent or more. Kotok says his firm is now strategically buying stocks again. But, he says, there are still valid⁹ concerns weighing on the market.

KOTOK: It's the near-term questions about the Federal Reserve, and it's the near term questions about interest rate policy that are impacting the market negatively.

YDSTIE: The near-term questions about the Federal Reserve revolve¹⁰ around whether it will raise interest rates more quickly in response to an economy that appears to be gaining strength. But Kotok says it's difficult to answer that question because there are several open seats on the Fed's governing board, and there's no way to know the views of the people who will ultimately fill those seats. That makes the market nervous.

But even without added moves by the Fed, rates on the 10-year U.S. Treasury¹¹, a benchmark for consumer rates, have risen sharply. Those rising rates create a more negative environment for stocks. And some analysts have blamed deficit¹² concerns for the plunge¹³ in the market this week, including hundreds of billions being added to the deficits¹⁴ by the pending¹⁵ two-year budget deal in Congress. John Ydstie, NPR News, Washington.

1 byline   

n.署名；v.署名

参考例句：

• His byline was absent as well.他的署名也不见了。
• We wish to thank the author of this article which carries no byline.我们要感谢这篇文章的那位没有署名的作者。

2 regained   

复得( regain的过去式和过去分词 )； 赢回； 重回； 复至某地

参考例句：

• The majority of the people in the world have regained their liberty. 世界上大多数人已重获自由。
• She hesitated briefly but quickly regained her poise. 她犹豫片刻，但很快恢复了镇静。

3 overdone   

v.做得过分( overdo的过去分词 )；太夸张；把…煮得太久；（工作等）过度

参考例句：

• The lust of men must not be overdone. 人们的欲望不该过分。 来自《现代汉英综合大词典》
• The joke is overdone. 玩笑开得过火。 来自《现代英汉综合大词典》

4 advisors   

n.顾问，劝告者( advisor的名词复数 )；（指导大学新生学科问题等的）指导教授

参考例句：

• The governors felt that they were being strung along by their advisors. 地方长官感到他们一直在受顾问们的愚弄。 来自《现代汉英综合大词典》
• We will consult together with advisors about her education. 我们将一起和专家商议她的教育事宜。 来自互联网

5 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

6 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

7 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

8 technically   

adv.专门地，技术上地

参考例句：

• Technically it is the most advanced equipment ever.从技术上说，这是最先进的设备。
• The tomato is technically a fruit,although it is eaten as a vegetable.严格地说，西红柿是一种水果，尽管它是当作蔬菜吃的。

9 valid   

adj.有确实根据的；有效的；正当的，合法的

参考例句：

• His claim to own the house is valid.他主张对此屋的所有权有效。
• Do you have valid reasons for your absence?你的缺席有正当理由吗？

10 revolve   

vi.(使)旋转；循环出现

参考例句：

• The planets revolve around the sun.行星绕着太阳运转。
• The wheels began to revolve slowly.车轮开始慢慢转动。

11 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

12 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

13 plunge   

v.跳入，(使)投入，(使)陷入；猛冲

参考例句：

• Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
• That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。

14 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

15 pending   

prep.直到，等待…期间；adj.待定的；迫近的

参考例句：

• The lawsuit is still pending in the state court.这案子仍在州法庭等待定夺。
• He knew my examination was pending.他知道我就要考试了。