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35 新数据显示美国经济比预期更为严重
New Figures: US Economy In Worse Shape Than Previously Thought
Elaine Johanson
New York
15 Jun 2001 23:18 UTC
U.S. stock prices were under pressure again Friday, 1)weighed down by more corporate profit warnings from big-name companies.
The Dow Jones Industrial Average dropped 66 points, less than one percent, to 10,623. The tech-weighted 2)NASDAQ composite fell 15 points, also less than one percent, while the broader Standard and Poor's 500 index lost five points.
Earnings warnings worried 3)investors. Leading fiber-optics supplier JDS Uniphase said it was going to post a loss rather than a profit. Canadian 4)telecommunications equipment giant Nortel Networks told Wall Street it would take a big loss in the second quarter and plans to cut another 10,000 jobs.
Fast food restaurant chain McDonald's also warned about sinking profits. It blamed the strong U.S. dollar and concerns over "mad cow" disease in Europe. This was McDonald's third 5)consecutive profit warning.
Veteran analyst Ted Weisberg described Friday's market activity as just 'more of the same'.
"We're in an environment where we have all these pre-6)announcements. As we have said before, these pre-announcements are never good news. They always seem to be negative," he noted. "And the market is sort of struggling through the weight of that at the moment. But I think if we can get through this period, and we don't do too much technical damage, we'll probably be 7)poised for a nice move, hopefully a better move, as we get later into the summer."
Overall, it was a bad week for stocks. The Dow Industrials shed three percent over five 8)sessions. It was worse for the NASDAQ, which dropped more than eight percent.
Meanwhile, latest on the U.S. economy shows the consumer price index, or CPI, a key measure of inflation, rose 0.4 percent in May. But most of that 9)reflected higher gas and electricity costs. Other prices were under control.
However, the U.S. industrial sector continues to struggle. New figures show 10)manufacturing activity plunged last month for the eighth month in a row.
Economist Maureen Allyn says the numbers overall are not good. "Even worse than we thought. The industrial production number is truly eye-opening," she said. "There's no way to say we're not in industrial recession. And you put it together with tame CPI, which is a 11)lagging indicator. You know prices are going to fall more as we go further because companies will respond to this lack of demand by trying to get customers in any way they can."
Analysts expect the stock market to 12)limp through the next week or two, as investors lie low under the weight of 13)negative news.
(1) weigh down 压低, 过度忧虑
(2) NASDAQ[ `nAz9dAk ][经] <美>全国证券交易商自动报价系统协会
(3) investor[In5vestE(r)]n.投资者
(4) telecommunication[telIkEmju:nI5keIF(E)n]n.电讯, 长途通讯, 无线电通讯
(5) consecutive[kEn5sekjJtIv]adj.连续的, 联贯的
(6) announcement[E5naJnsmEnt]n.宣告, 发表, 一项公告
(7) poise[pCIz]n.平衡, 均衡, 姿势vt.使平衡,保持...姿势vi.平衡, 悬着
(8) session[5seF(E)n]n.会议, 开庭
(9) reflected[ rI`flektId ]adj.反射的,得自他人的
(10) manufacturing[9mAnjJ`fAktFLrIN]n.制造业adj.制造业的
(11) lag[lA^]n.落后adj.最后的vi.缓缓而行, 滞后vt.落后于
(12) limp[lImp]adj.柔软的, 易曲的vi.跛行
(13) negative[5ne^EtIv]n.否定adj.否定的, 消极的vt.否定, 拒绝(接受)
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