<신임사무관> 미 주가, 큰 폭으로 하락
ABC News Headline
I’m Elizabeth Vargas. Tonight, the stock market takes its biggest plunge 폭락 in 3 years. What moved to the market and what it means for you? And the Passion 고통, 수난 of Da Vinci. The film’s debut fails to inspire the critics, but has the faithful up in arms 반기를 들다, 격노하여? From ABC News, this is World News Tonight with Bob woodruff and Elizabeth Vargas.
Good evening? What a difference a week makes! Last Wednesday, the stock market was poised to ~할 자세를 취하다 break records. Investors were expecting an end to interest rate hikes 인상, 상승 and they were ready to spend. But in a matter of days, new signs of inflation have appeared and stocks have taken an enormous tumble 하락, 폭락. Today, the Dow Jones Average dropped 214 points to close at 11,205. It’s the biggest one-day drop in 3 years. It has implications not only for investors, but anyone who borrows or saves money. And ABC’s Betsy Stark is here to explain what happened today.
Today’s drop was all about inflation fears and what rising prices will do to the economy. It was enough to send stocks lower right at the opening bell and keep them falling straight through the day. Today kept a week of misery 고통, 괴로움 for stock market investors. A slide that began after the Federal Reserve 연방 준비제도 이사회 raised interest rates late week and left the door open to more rate hikes, dashing 기운찬, 위세 당당한 hopes it might be done for a while. Since then, the Dow Industrials have plunged 폭락하다 437 points and the NASDAQ has dropped more than 5% to a 7-month low.
"At a minimum, investors are sending a signal, and that is that they think the Federal Reserve is hitting the brakes and that they'll hit the brakes too many times. And that it’ll, a minimum, slow the economy.”
Slow the economy because the each rate hike makes it more expensive to borrow money, to buy everything from a house to a car, to a college education. But today’s report on inflation may give the Fed reason to raise rates again. It showed consumer prices for goods and services rising at an annual rate of 3.5%. Not alarming, but faster than the Fed likes to see. And perhaps, most worrisome 걱정되는? “When you take a close look at the numbers, you see that this is not just the price of gasoline going up at the pump.”
Prices are also going up on many household 가사 budget items, such as clothing, child care, tuition 수업료 and rent. And the concern today is that they will keep going up if the economy keeps running as hot as it’s been.