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CNN News:美股道指暴跌近千点 美国经济形势依然给力

Source: 恒星英语学习网    2018-03-07   English BBS   Favorite  

Investors around the world are keeping a close eye on the U.S. stock market. Yesterday, it took a nosedive. The Dow Jones Industrial Average, an index of 30 significant stocks, dropped 1,175 points.
That was the biggest one day point drop in market history, and it followed good news that came out on Friday. The January jobs report from the U.S. government indicated that the country added 200,000 jobs last month and that wages grew as well at their fastest pace since 2009.

So, why would that cause the market to drop more than 660 points on Friday and more than 1,100 yesterday? Fear. Investors are concerned that the higher wages could lead to inflation, when prices go up and money buys less. And that could lead to a faster increase in interest rates, a tool the government uses to control inflation. So, a sell-off began and the Dow dropped.
Analysts say the market is still significantly up overall in the past year and that the U.S. economy is healthy. So, whether this is a correction, a temporary dip in the market or a sign that a bear market is ahead with more stock declines, that remains to be seen.


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