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commerce
shāng yè
商业
·HSK 4

affected by
shòu
受
tariff
guānshuì
关税
concerns / worries
yōulǜ
忧虑
impact
chōngjī
冲击
,
S&P (Standard and Poor)
Biāo Pǔ
标普
500
wǔbǎi
500
index
zhǐshù
指数
to set (a record)
chuàng
创
in recent years
jìn nián lái
近年来
worst
zuì chà
最差
quarterly
jìdù
季度
performance
biǎoxiàn
表现
。

the year 2026
2026 nián
2026年
first quarter
dì yī jìdù
第一季度
to conclude / to wrap up
shōuguān
收官
,
S&P
Biāo Pǔ
标普
500
wǔbǎi
500
index
zhǐshù
指数
quarterly
jìdù
季度
cumulative
lèijì
累计
decline / drop
xiàdiē
下跌
approximately
yuē
约
5.1 percent
bǎifēnzhī wǔ diǎn yī
5.1%
,
tariff
guānshuì
关税
uncertainty
bù quèdìngxìng
不确定性
and
yǔ
与
recession
shuāituì
衰退
fears / concerns
dānyōu
担忧
are
shì
是
main
zhǔyào
主要
driving force
tuīshǒu
推手
。

March 31, 2026 at 8:00 PM

as / with
suízhe
随着
2026
2026 nián
2026年
first quarter
dì yī jìdù
第一季度
to close / to conclude
luòmù
落幕
,
US
Měiguó
美国
stock market
gǔshì
股市
posted / recorded
lùdé
录得
in recent years
jìn nián lái
近年来
worst / most dismal
zuì cǎndàn
最惨淡
structural particle
de
的
quarterly
jìdù
季度
performance
biǎoxiàn
表现
one of
zhī yī
之一
。
S&P
Biāo Pǔ
标普
500
wǔbǎi
500
index
zhǐshù
指数
since the start of this year
jīnnián yǐlái
今年以来
cumulative
lèijì
累计
declined
xiàdiē
下跌
approximately
yuē
约
5.1 percent
bǎifēnzhī wǔ diǎn yī
5.1%
,
for consecutive
liánxù
连续
five weeks
wǔ zhōu
五周
recorded
lùdé
录得
weekly decline
zhōu diēfú
周跌幅
。
analysts
fēnxīshī
分析师
noted
zhǐchū
指出
,
trade
màoyì
贸易
tariff
guānshuì
关税
policy
zhèngcè
政策
structural particle
de
的
ongoing
chíxù
持续
uncertainty
bù quèdìngxìng
不确定性
is
shì
是
to suppress
yāzhì
压制
markets
shìchǎng
市场
structural particle
de
的
core
héxīn
核心
factor
yīnsù
因素
,
companies
qǐyè
企业
difficult to
nányǐ
难以
towards
duì
对
future
wèilái
未来
costs
chéngběn
成本
to make
zuòchū
做出
accurate
zhǔnquè
准确
predictions / forecasts
yùcè
预测
。
JPMorgan Chase
Mógēn Dàtōng
摩根大通
and other
děng
等
institutions
jīgòu
机构
have raised
yǐ jiāng
已将
US
Měiguó
美国
economy
jīngjì
经济
to fall into
xiànrù
陷入
recession
shuāituì
衰退
structural particle
de
的
probability
gàilǜ
概率
to raise / to revise upward
shàngtiáo
上调
to
zhì
至
approximately 49 percent
yuē bǎifēnzhī sìshíjiǔ
约49%
。
technology stocks
kējì gǔ
科技股
to suffer
shòudào
受到
structural particle
de
的
impact
chōngjī
冲击
particularly
yóuwéi
尤为
pronounced
míngxiǎn
明显
,
Nasdaq
Nàsīdákè
纳斯达克
composite index
zōnghé zhǐshù
综合指数
over the same period
tóngqī
同期
decline / drop
diēfú
跌幅
exceeded / surpassed
chāoguò
超过
8 percent
bǎifēnzhī bā
8%
。
at the same time / meanwhile
yǔ cǐ tóngshí
与此同时
,
investors
tóuzīzhě
投资者
in large numbers
fēnfēn
纷纷
shifted
jiāng
将
funds
zījīn
资金
from
cóng
从
stock market
gǔshì
股市
to transfer to
zhuǎnyí zhì
转移至
government bonds / Treasuries
guózhài
国债
market
shìchǎng
市场
seeking
xúnqiú
寻求
safe-haven protection
bìxiǎn
避险
,
pushing
tuīdòng
推动
US
Měiguó
美国
10-year
shí nián qī
10年期
Treasury bond
guózhài
国债
yield
shōuyìlǜ
收益率
to fall / to drop
zǒudī
走低
。
despite
jǐnguǎn
尽管
analysts
fēnxīshī
分析师
expect / forecast
yùjì
预计
S&P
Biāo Pǔ
标普
500
wǔbǎi
500
constituent
chéngfèn
成分
companies
qǐyè
企业
first quarter
dì yī jìdù
第一季度
earnings / profits
yínglì
盈利
will still
réng jiāng
仍将
year-over-year
tóngbǐ
同比
grow
zēngzhǎng
增长
over / more than
yú
逾
12 percent
bǎifēnzhī shí-èr
12%
,
but
dàn
但
market
shìchǎng
市场
sentiment
qíngxù
情绪
due to
yīn
因
macroeconomic
hóngguān
宏观
environment / conditions
huánjìng
环境
uncertain / unclear
bù míngláng
不明朗
and (thus)
ér
而
persistently
chíxù
持续
sluggish / depressed
dīmí
低迷
。

New Words

gǔshì
股市
stock market
zhǐshù
指数
index
xiàdiē
下跌
to decline / drop
guānshuì
关税
tariff
shuāituì
衰退
recession
jìdù
季度
quarter
biǎoxiàn
表现
performance
bù quèdìngxìng
不确定性
uncertainty
dānyōu
担忧
concern / worry
fēnxī
分析
to analyze

News in English

Business

S&P 500 Posts Its Worst Quarter in Years as Tariff Fears and Recession Risk Grip Markets

The S&P 500 ended the first quarter of 2026 down approximately 5.1 percent, its weakest quarterly performance in years, as persistent tariff uncertainty and rising recession fears weighed on investor sentiment.

As the first quarter of 2026 concluded, the U.S. stock market recorded one of its worst quarterly performances in recent years. The S&P 500 index has declined approximately 5.1% year-to-date, with consecutive weekly losses. Analysts point to ongoing trade tariff policies and persistent recession concerns as the primary driving forces behind the market downturn. Economic uncertainty and geopolitical tensions continue to weigh on investor sentiment.

More in Business

artificial intelligence
réngōng zhìnéng
人工智能
revenue / income
shōurù
收入
prospects / outlook
qiánjǐng
前景
to trigger / to cause
yǐnfā
引发
doubts / questions
yíwèn
疑问
,
semiconductor
bàndǎotǐ
半导体
stock price
gǔjià
股价
from
cóng
从
October
shí yuè
十月
peak / high point
gāodiǎn
高点
to retreat / to fall back
huíluò
回落
。

AI Revenue Uncertainty Pulls Semiconductor Stocks Off October Highs

United States
Měiguó
美国
stock market
gǔshì
股市
Friday
zhōuwǔ
周五
strongly / with force
qiángshì
强势
to rebound / to rally
fǎntán
反弹
,
Dow Jones Index
Dào Zhǐ
道指
gained more than
zhǎng chāo
涨超
400 points
400 diǎn
400点
,
to end / to conclude
jiéshù
结束
volatile / turbulent
dòngdàng
动荡
(particle)
de
的
one week
yī zhōu
一周
。

US Stocks Cap Volatile Week With Strong Friday Rally as Dow Gains Over 400 Points

international
guójì
国际
oil prices
yóujià
油价
to maintain / to sustain
wéichí
维持
high level / elevated level
gāowèi
高位
,
Nasdaq (stock exchange)
Nàsīdákè
纳斯达克
index
zhǐshù
指数
Thursday
zhōusì
周四
to close lower / to finish down
shōu diē
收跌
1.3 percent
bǎifēnzhī yī diǎn sān
1.3%
。

Nasdaq Slides 1.3 Percent as Brent Oil Holds Above 100 Dollars

OPEC
Ōu pèi kè
欧佩克
to announce
xuān bù
宣布
November
shí yī yuè
十一月
oil / petroleum
shí yóu
石油
output / production
chǎn liàng
产量
to maintain / to keep
bǎo chí
保持
unchanged
bù biàn
不变
。

OPEC Announces November Oil Output to Remain Unchanged