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VOA标准英语2012--After Sandy, Wall Street Closed for 2nd Day

时间：2012-11-01 08:51:33

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After Sandy, Wall Street Closed for 2nd Day

Major U.S. stock and bond markets were closed again on Tuesday, a day after Hurricane Sandy swept through New York City.

The area around Wall Street was part of a mandatory1 evacuation zone, and with the storm surge, water rose above seawalls - flooding streets in lower Manhattan.

This is the first time since 1888 that bad weather forced the New York Stock Exchange to close for two consecutive2 days.

The timing3 of the storm could be difficult for Wall Street. At the end of each month, fund managers price their portfolios4 for clients.

Market analyst5 Michael Farr, author of The Arrogance6 Cycle, says losing two days of trading can make it difficult to assess the real value of stocks and mutual7 funds.

“They have to be priced with real market-time prices. If you don’t have a real market print you have to show the last close. So you really don’t get an accurate sense," said Farr.

Experts say closing the stock market can have an impact on world markets.

“And it kind of brings a lot of commerce to a halt, not completely of course," said Farr.

Damages caused by Hurricane Sandy are estimated at $20 billion, plus $30 billion more in lost business, according to IHS Global Insight, a financial forecaster. Some economists8 say the storm could cut 0.6 percent from U.S. economic growth in the fourth quarter of the year. 


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1 mandatory BjTyz     
adj.命令的；强制的；义务的；n.受托者
参考例句：
  • It's mandatory to pay taxes.缴税是义务性的。
  • There is no mandatory paid annual leave in the U.S.美国没有强制带薪年假。
2 consecutive DpPz0     
adj.连续的，联贯的，始终一贯的
参考例句：
  • It has rained for four consecutive days.已连续下了四天雨。
  • The policy of our Party is consecutive.我党的政策始终如一。
3 timing rgUzGC     
n.时间安排，时间选择
参考例句：
  • The timing of the meeting is not convenient.会议的时间安排不合适。
  • The timing of our statement is very opportune.我们发表声明选择的时机很恰当。
4 portfolios e8f0c85d58b4bbb32ca8f22222a8ee54     
n.投资组合( portfolio的名词复数 )；（保险）业务量；（公司或机构提供的）系列产品；纸夹
参考例句：
  • Price risk arises in non-trading portfolios, as well as in trading portfolios. 价格风险中出现的非贸易投资，以及在贸易投资组合。 来自互联网
  • How do we fatten our portfolios and stay financially healthy? 我们怎样育肥我们的投资结构和维持财政健康呢？ 来自互联网
5 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
6 arrogance pNpyD     
n.傲慢，自大
参考例句：
  • His arrogance comes out in every speech he makes.他每次讲话都表现得骄傲自大。
  • Arrogance arrested his progress.骄傲阻碍了他的进步。
7 mutual eFOxC     
adj.相互的，彼此的；共同的，共有的
参考例句：
  • We must pull together for mutual interest.我们必须为相互的利益而通力合作。
  • Mutual interests tied us together.相互的利害关系把我们联系在一起。
8 economists 2ba0a36f92d9c37ef31cc751bca1a748     
n.经济学家，经济专家( economist的名词复数 )
参考例句：
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

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