您现在的位置: > Language Tips > Audio & Video > Normal Speed News  
 





 
Stocks see biggest fall in US since 911
[ 2007-03-01 08:35 ]

Federal Reserve Chairman Ben Bernanke told Congress Wednesday regulators are closely watching U.S. markets following the huge drop in stock prices Tuesday. But U.S. stock markets rebounded early Wednesday on Bernanke's optimistic assessment of America's economic outlook for 2007. VOA's Barry Wood reports.

The global sell-off continued in Asia -- with the exception of mainland China -- and Europe before Wall Street rebounded in early trading.

Traders said investors took heart from upbeat congressional testimony by Federal Reserve Board Chairman Ben Bernanke.

He told legislators U.S. economic activity remains solid and he saw no single factor that had contributed to Tuesday's decline.

The New York Stock Exchange dropped more than 416 points Tuesday in the largest sell-off in five years.

Bernanke noted there is continuing weakness in the U.S. housing sector, but said even there improvement is likely.

He said, "We believe that if the housing sector begins to stabilize and if some of the inventory corrections that are still going on in manufacturing begin to be completed that there is a reasonable chance that we'll see some strengthening of the economy sometime during the middle of the year."

Bernanke spoke after the U.S. Commerce Department released a sharp downward revision of U.S. economic growth to 2.2 percent in the fourth quarter of 2006. Its earlier growth figure was 3.5 percent. Most forecasters anticipate U.S. economy to grow at two and a half to three percent this year.

Some financial analysts had said the rising stock markets around the globe were due for what they call a "correction." They attributed Tuesday's precipitous sell-off to a number of factors, including a sharp drop on the Shanghai stock exchange and an earlier statement by Bernanke's predecessor, Alan Greenspan, that the U.S. economy is heading for a possible recession.



点击进入更多VOA常速


sell-off : 证券、股票的跌价

(来源:VOA  英语点津姗姗编辑

 

 
 
相关文章 Related Stories
 
         
 
 
 
 
 
         

 

 

 
 

48小时内最热门

     

本频道最新推荐

     
  Wind farming spreads in US
  Gore's Oscar win prompts new political speculation
  《越狱》1(精讲之十)
  How to help foods keep their cool
  回家:Going home

论坛热贴

     
  纠错语料库:品牌意识
  请大家帮助找错 - 帮专家纠错
  What does 'the French Connection' mean?
  don’t hesitate to be a stranger
  (欢迎大家积极参与)每日一句
  HIP-HOP AND SPOKEN WORD POETRY