国际英语资讯:U.S. stocks post huge weekly loss amid data, Fed decision_时事

国际英语资讯:U.S. stocks post huge weekly loss amid data, Fed decision

NEW YORK, Dec. 22 -- U.S. stocks posted huge weekly loss as investors digested central bank's latest rate hike decision and a batch of economic data.

For the week, the Dow shed 6.9 percent, the S&P 500 erased 7.1 percent, and the Nasdaq declined 8.4 percent. The week saw the worst performance for the Dow and the Nasdaq since 2008, and the S&P 500's worst performance since 2011.

Friday marked the heaviest day of volume since August of 2011.

On the economic front, the U.S. economic growth was revised down to 3.4 percent in the third quarter, slower than previously estimated, said the Commerce Department on Friday.

The revisions reflected markdowns to consumer spending and exports.

The University of Michigan's consumer-sentiment gauge registered a final December reading of 98.3, higher than the preliminary reading of 97.5.

Construction of single-family homes fell to a one and a half year low, pointing to deepening housing market weakness that could spill over to the broader economy.

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 1,256,000, a decline of 3.6 percent year on year, according to the Commerce Department on Tuesday.

New York manufacturers reported on Monday that business activity is growing at a slower pace in recent months. The Empire State Manufacturing Survey's headline general business conditions index, aggregated by the Federal Reserve Bank of New York, fell 12.4 points to 10.9 in December, weaker than analysts' expectations of around 20.6.