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  1. Dow Jones
    an indicator of stock market prices
    Jitters send Dow Jones below 10,000
    By Stephen Bernard / Associated Press
    Posted: May 25, 2010.Comments (4) Recommend (1) E-mailPrintShare.A
  2. budget cut
    the act of reducing budgeted expenditures
    Traders have been heavily selling the euro in recent weeks because of uneasiness over whether steep budget cuts in countries like Greece, Spain and Portugal will drag down an economic recovery on the continent.
  3. price index
    an index that traces the relative changes in the price of an individual good (or a market basket of goods) over time
    The Standard & Poor’s/Case-Shiller 20-city home price index fell 0.5 percent in March from February, a sign that the housing market remains weak even as mortgage rates are near historic lows.
  4. European Union
    an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members
    European Union leaders warned today that the continent’s economy would stagnate unless governments make major reforms to promote growth.
  5. stocks
    a frame that supports a boat while it is under construction
    NEW YORK — The Dow Jones industrials plunged below 10,000 today as traders turned away from stocks amid worries about the global economy and tensions between North and South Korea.
  6. tax credit
    a direct reduction in tax liability
    There are concerns that last month’s expiration of the government’s home buyer tax credit will hurt sales in the coming months.
  7. pessimism
    a general disposition to expect the worst in all things
    Pessimism, particularly about Europe, has replaced the hopeful tone the market took early in the year.
  8. Korean
    of or relating to or characteristic of Korea or its people or language
    Markets were also hurt by reports that North Korean leader Kim Jong Il ordered his military to combat alert because of rising tensions on the Korean peninsula.
  9. composite
    consisting of separate interconnected parts
    The Standard & Poor’s 500 index fell 22.74, or 2.1 percent, to 1,050.91, while the Nasdaq composite index dropped 53.10, or 2.4 percent, to 2,160.45.
  10. expiration
    a coming to an end of a contract period
    There are concerns that last month’s expiration of the government’s home buyer tax credit will hurt sales in the coming months.
  11. stock market
    an exchange where security trading is conducted by professional stockbrokers
    World stock markets also fell sharply.
  12. mercantile
    relating to or characteristic of trade or traders
    Oil fell $2.27 to $67.94 a barrel on the New York Mercantile Exchange.
  13. economy
    the system of production and distribution and consumption
    NEW YORK — The Dow Jones industrials plunged below 10,000 today as traders turned away from stocks amid worries about the global economy and tensions between North and South Korea.
  14. interest rate
    the percentage of a sum of money charged for its use
    That sent yields and interest rates lower.
  15. consumer
    a person who uses goods or services
    A better-than-expected report on consumer confidence had no lasting effect on trading.
  16. financial
    involving fiscal matters
    “Market participants feel like they’re walking on eggshells,” said Oliver Pursche, executive vice president at Gary Goldberg Financial Services in Suffern, N.Y. “Every small piece of potentially bad news is being exaggerated and mentally being fast-forwarded to the worst-case scenario.”
  17. treasury
    a depository where wealth can be kept safely
    Investors also exited the euro and commodities including oil and again sought the safety of Treasurys.
  18. mortgage
    a conveyance of property as security for repaying a loan
    The Standard & Poor’s/Case-Shiller 20-city home price index fell 0.5 percent in March from February, a sign that the housing market remains weak even as mortgage rates are near historic lows.
  19. commodity
    any good that can be bought and sold
    Investors also exited the euro and commodities including oil and again sought the safety of Treasurys.
  20. deficit
    an amount that is less than expected or required
    Italy was set to become the latest European nation to announce spending cuts to reduce its deficit.
  21. economic
    of or relating to production and management of wealth
    Traders have been heavily selling the euro in recent weeks because of uneasiness over whether steep budget cuts in countries like Greece, Spain and Portugal will drag down an economic recovery on the continent.
  22. European
    of or relating to or characteristic of Europe
    European Union leaders warned today that the continent’s economy would stagnate unless governments make major reforms to promote growth.
  23. Treasury
    the federal department that collects revenue and administers federal finances; the Treasury Department was created in 1789
    The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.15 percent from 3.20 percent late Monday.
  24. vice president
    an executive officer ranking immediately below a president
    “Market participants feel like they’re walking on eggshells,” said Oliver Pursche, executive vice president at Gary Goldberg Financial Services in Suffern, N.Y. “Every small piece of potentially bad news is being exaggerated and mentally being fast-forwarded to the worst-case scenario.”
  25. budget
    a summary of intended expenditures
    Traders have been heavily selling the euro in recent weeks because of uneasiness over whether steep budget cuts in countries like Greece, Spain and Portugal will drag down an economic recovery on the continent.
  26. executive
    a person responsible for the administration of a business
    “Market participants feel like they’re walking on eggshells,” said Oliver Pursche, executive vice president at Gary Goldberg Financial Services in Suffern, N.Y. “Every small piece of potentially bad news is being exaggerated and mentally being fast-forwarded to the worst-case scenario.”
  27. Union
    the United States
    European Union leaders warned today that the continent’s economy would stagnate unless governments make major reforms to promote growth.
  28. Senate
    the upper house of the United States Congress
    The Senate and House are reconciling their separate versions of the proposed reform.
  29. president
    the leader of a republic or democracy
    “Market participants feel like they’re walking on eggshells,” said Oliver Pursche, executive vice president at Gary Goldberg Financial Services in Suffern, N.Y. “Every small piece of potentially bad news is being exaggerated and mentally being fast-forwarded to the worst-case scenario.”
  30. government
    the system or form by which a community is ruled
    There are concerns that last month’s expiration of the government’s home buyer tax credit will hurt sales in the coming months.
  31. Congress
    the legislature of the United States government
    Investors were also concerned about a bill in Congress that will overhaul financial regulation.
  32. Europe
    the 2nd smallest continent
    Pessimism, particularly about Europe, has replaced the hopeful tone the market took early in the year.
  33. military
    the armed forces of a nation
    Markets were also hurt by reports that North Korean leader Kim Jong Il ordered his military to combat alert because of rising tensions on the Korean peninsula.
  34. nation
    a politically organized body of people under a government
    Italy was set to become the latest European nation to announce spending cuts to reduce its deficit.
Created on 五月 25, 2010

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