Dow Dips Over 1,100 Points, Falling For 10th Session As Powell Adopts Hawkish Stance: Greed Index Moves To 'Fear' Zone
Dow Dips Over 1,100 Points, Falling For 10th Session As Powell Adopts Hawkish Stance: Greed Index Moves To 'Fear' Zone
On the economic data front, the U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period, versus market estimates of a $284 billion gap. U.S. housing starts fell 1.8% to an annualized rate of 1.289 million units in November from 1.312 million in October.The CNN Money Fear and Greed index showed a sharp decline in the overall market sentiment, while the index moved to the "Fear" zone on Wednesday.
CNN财经恐惧与贪婪指数显示整体市场情绪大幅下降，周三该指数移至了“恐惧”区域。
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling for the 10th session in a row, dipping more than 1,100 points during the session.
美国股票周三收跌，道琼斯指数连续第十个交易日下跌，盘中下跌超过1100点。
Federal Reserve Chair Jerome Powell adopted a hawkish stance during his Wednesday press conference after the December Fed meeting. Although the Federal Reserve lowered interest rates by 0.25% to a range of 4.25%-4.5%, as widely anticipated, the updated economic projections suggest just two potential rate cuts in 2025 — down from four projected in September and fewer than the three anticipated by markets before the meeting.
联邦储备委员会主席杰罗姆·鲍威尔在周三的新闻发布会上采取了鹰派立场，此次会议为12月的联邦储备会议。尽管联邦储备如预期将利率下调0.25%至4.25%-4.5%的区间，但更新的经济预测显示到2025年仅可能有两次降息——低于9月份预测的四次，且少于市场在会议前预期的三次。
On the economic data front, the U.S. recorded a current account deficit of $310.9 billion in the third quarter compared to the revised gap of $275.0 billion in the previous period, versus market estimates of a $284 billion gap. U.S. housing starts fell 1.8% to an annualized rate of 1.289 million units in November from 1.312 million in October.
在经济数据方面，美国在第三季度录得3109亿美元的经常账户赤字，相较于前一时期修正后的2750亿美元赤字，且低于市场预计的2840亿美元赤字。美国11月的住宅开工率从10月的131.2万单位下降1.8%，年化率为128.9万单位。
General Mills, Inc. (NYSE:GIS) shares fell around 3% on Wednesday following the release of second-quarter results. Shares of Worthington Enterprises, Inc. (NYSE:WOR) rose around 10% during Wednesday's session as the company posted better-than-expected results for its second quarter.
通用磨坊公司（纽交所代码：GIS）在周三发布第二季度业绩后，股价跌约3%。Worthington Enterprises公司（纽交所代码：WOR）在周三的交易中上涨约10%，因该公司发布的第二季度业绩好于预期。
All sectors on the S&P 500 closed on a negative note, with consumer discretionary, real estate, and communication services stocks recording the biggest losses on Wednesday.
S&P 500所有板块在周三以负面收盘，消费品、房地产业和通信服务股票录得最大损失。
The Dow Jones closed lower by around 1,123 points to 42,326.87 on Wednesday. The S&P 500 fell 2.95% to 5,872.16, while the Nasdaq Composite declined 3.56% at 19,392.69 during Wednesday's session.
道琼斯指数周三收跌约1123点，收于42326.87点。S&P 500跌2.95%至5872.16点，而纳斯达克综合指数在周三的交易中下跌3.56%，报位于19392.69点。
Investors are awaiting earnings results from Accenture Plc. (NYSE:ACN), Nike Inc. (NYSE:NKE), and FedEx Corp. (NYSE:FDX) today.
投资者正等待埃森哲公司（纽交所代码：ACN）、耐克公司（纽交所代码：NKE）和联邦快递公司（纽交所代码：FDX）的财报。
What is CNN Business Fear & Greed Index?
CNN Business恐惧与贪婪指数是什么？
At a current reading of 33.9, the index moved to the "Fear" zone on Wednesday, versus a prior reading of 50.7.
在当前读数为33.9的情况下，该指数在星期三进入了“恐惧”区域，相较于之前的读数50.7。
The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
恐惧与贪婪指数是当前市场情绪的一个衡量指标。这个指标基于这样的前提：更高的恐惧对股票价格施加压力，而更高的贪婪则产生相反的效果。该指数基于七个等权重因子计算。该指数范围从0到100，其中0表示最大恐惧，100表示最大贪婪。
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