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Description

【今日单词&短语】

sliver /ˈslɪvə/

noun

a small, thin piece of something cut or split off a larger piece.

"a sliver of cheese"


in earnest

to a greater extent or more intensely than before.

"work began again in earnest"

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原文如下:

Wall Street inches higher on back of economic data as holiday looms

by  George Steer in London and Jennifer Hughes in New York

(来自:The Financial Time 金融时报)

Wall Street stocks closed higher on Friday, injecting a much-needed sliver of holiday cheer after investors probed new data for clues on likely Federal Reserve thinking.The benchmark S&P 500 erased earlier losses to end 0.6 per cent higher, eventually dragging the Nasdaq Composite with it. The tech-heavy index closed up 0.2 per cent. Volumes were generally light as year-end holidays began in earnest.Friday’s gains were not enough, however, to stop either benchmark closing lower for a third consecutive week — the first such losing streak since September. With just four days of trading left in 2022, the S&P 500 and the Nasdaq Composite have this year lost about 20 per cent and 33 per cent, respectively, putting them on course for their worst performances since the 2008 financial crisis.Elsewhere, the FTSE All World share index has shed about a fifth of its value this year, while Bloomberg’s broad aggregate index of the global bond market is off about 16 per cent.“The past two weeks have been a weak gruel of fatalism mostly and halfhearted optimism,” said Mike Zigmont, head of trading and research at Harvest Volatility Management. “It’s a weird psychological condition and it strikes me that the market [and] investors need a rest.”Treasuries slid, pushing yields on benchmark 10-year bonds to 3.75 per cent — their highest this month. The two-year Treasury yield was up 0.06 percentage points at 4.33 per cent. Debt markets closed early on Friday for the holiday.Data earlier in the day showed US consumer income held up in November but spending slowed slightly, mostly in line with economists’ forecasts. Also in-line were inflation figures in the report, showing the core personal consumption expenditure price index — the Fed’s favoured measure of price pressures — rose 0.2 per cent month-on-month in November.