酷兔英语


2010-10-7 10:06

STOCKS dipped yesterday after a disappointing report on the jobs market renewed concern about the economy. Treasury yields sank to new lows as
investors sought safety and anticipated more stimulus measures from the Federal Reserve.

Payroll company ADP said private employers cut jobs in September for the first time in seven months. Investors are seeing a silver lining in the
news, however, hoping that it could help push the Federal Reserve to take more action to get the US economy going next month, including stepping
up its purchases of bonds.

"It's just a matter of when and how much," Christian Hviid, chief market strategist at Genworth Financial Asset Management, said of the Fed's
likely plans to buy bonds. "The motivation is to keep (interest) rates low."

Gold reached another high and the dollar slumped further against other currencies on anticipation that US interest rates could head even lower if
the Fed moves aggressively to buy bonds and take other measures to encourage borrowing.

The Dow Jones industrial average rose 23 points but broader indexes dropped and falling stocks outpaced those that climbed. The yield on the two
-year Treasury note touched a record low 0.38 percent, and the yield on the 10-year note fell to 2.39 percent. The 10-year yield touched its
lowest level since January 2009 when the country was mired in a recession.

More weak economic data in the coming weeks, including any disappointment from tomorrow's key Labor Department report on employment, could
provide further incentive for Fed action.

According to preliminary calculations, the Dow Jones industrial average rose 22.93, or 0.2 percent, to close at 10,967.65.

Broader indexes fell. The Standard & Poor's 500 fell 0.78, or 0.1 percent, to 1,159.97, while the Nasdaq composite index fell 19.17, or 0.8
percent, to 2,380.66.

Falling stocks narrowly outpaced rising ones on the New York Stock Exchange, where volume came to 980 million shares.


  • yesterday [´jestədi] 移动到这儿单词发声 n.&ad.昨天;前不久 (初中英语单词)
  • economy [i´kɔnəmi] 移动到这儿单词发声 n.经济;机制;组织 (初中英语单词)
  • federal [´fedərəl] 移动到这儿单词发声 a.联邦的,联邦制的 (初中英语单词)
  • financial [fi´nænʃəl] 移动到这儿单词发声 a.金融的,财政的 (初中英语单词)
  • management [´mænidʒmənt] 移动到这儿单词发声 n.管理;处理;经营 (初中英语单词)
  • encourage [in´kʌridʒ] 移动到这儿单词发声 vt.鼓励;怂勇;促进 (初中英语单词)
  • industrial [in´dʌstriəl] 移动到这儿单词发声 a.工业的,产业的 (初中英语单词)
  • disappointment [,disə´pɔintmənt] 移动到这儿单词发声 n.失望;挫折 (初中英语单词)
  • employment [im´plɔimənt] 移动到这儿单词发声 n.工作;职业;雇用 (初中英语单词)
  • volume [´vɔlju:m, ´vɑljəm] 移动到这儿单词发声 n.卷;书籍;体积;容量 (初中英语单词)
  • seeing [si:iŋ] 移动到这儿单词发声 see的现在分词 n.视觉 (高中英语单词)
  • lining [´lainiŋ] 移动到这儿单词发声 n.衬里;衬料 (高中英语单词)
  • preliminary [pri´liminəri] 移动到这儿单词发声 a.初步的 n.预赛 (高中英语单词)
  • stimulus [´stimjuləs] 移动到这儿单词发声 n.刺激(物);促进因素 (英语四级单词)
  • anticipation [æn,tisi´peiʃən] 移动到这儿单词发声 n.预期;预料;期望 (英语四级单词)
  • incentive [in´sentiv] 移动到这儿单词发声 n.刺激;鼓励;动机 (英语六级单词)
  • narrowly [´nærəuli] 移动到这儿单词发声 ad.勉强地;严密地 (英语六级单词)