Business English practice: describing stock market changes
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Look at the excerpt from the New York Times article and complete the gaps with correct prepositions (one word in each gap):
Wall Street analysts have grown increasingly pessimistic in recent weeks (1) ______ the outlook for corporate profits, even as investors have pushed markets steadily higher, breaking the link (2)_______ analyst forecasts and the direction of stock prices.
Most companies in the S&P 500 stock index have reported their first-quarter earnings, and the impact of the coronavirus pandemic (3)______ profits is becoming clear, (4)____ least for January through March. (5)______ a per-share basis, profits of S&P 500 companies fell (6)____ 13 percent, making it the worst slump since 2009.
Source: The New York Times
2. Read the whole article here and mark the sentences true or false:
(1) The analysts think that the situation will improve first. T/F
(2) Share prices were falling during the last few weeks. T/F
(3) The expected profits or dividends are not the factors that influence the share prices largely. T/F
(4) What happened during the last crisis is analogous to the current events. T/F
Glossary:
bullish – optymistyczny, zwyżkowy
to shrink – kurczyć się, zanikać (Past Simple form: shrank)
to come down the pike – pojawiać się, stać się popularnym (to appear or be noticed for the first time AmE)
outlook for sth – perspektywa na coś
slump – bessa, kryzys, zastój
to tumble – spadać
to a large extent – w dużej mierze, w znacznym stopniu
gauge – miernik, wskaźnik
woeful – fatalny, przygnębiony
to clobber – pokonać, uderzyć, dać komuś popalić
to soar – iść szybko do góry, zwyżkować, gwałtownie wzrastać
downturn – spadek, tendencja zniżkowa, spadek koniunktury
widespread – szeroko rozpowszechniony, o szerokim zasięgu, powszechny
to set sth aside – odkładać, odsuwać na bok
issuer – emitent, wystawca
reliant on sth/sb – polegający na kimś / czymś, zależny od
data provider – dostawca danych
detached from sth – obojętny na coś
abysmal – fatalny, beznadziejny
blasé – obojętny, zobojętniały
robust – zdecydowany, silny
mortgage bonds – obligacje hipoteczne
sluggish – powolny, ociężały
Answers:
Exercise 1
about 2. between 3. on 4. at 5. On 6. by
Exercise 2
F
T
F
T
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Flashcards – Quizlet
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