Panic on the stock market set off a wave of selling.

股市恐慌引发了一轮抛售潮。

《牛津词典》

The willingness of investors to pin their hopes on a rate cut is understandable: after all, that has been the response of the Fed to every financial panic since the stock market crash of 1987.

投资者将其希望压在降息上，这是可以理解的：毕竟自1987年股市崩盘以来，降息已经成为美联储对付金融恐慌的不二法门。

youdao

This has been relentless all week.”". Business Week also referred to the crisis as a "stock market crash" or the "Panic of 2008."

商业周刊提及这次危机也使用了诸如“股市崩溃”或者“2008年的恐慌”之类的字眼。

youdao

Recall that the Smoot-Hawley trade restrictions of 1930 turned a stock market panic into a multi-year Great Depression, broken only by World War II.

FORBES: Consequential Week for U.S. and Global Economies

As a consequence, the speculative panic over the implications for the oil market prompted simultaneous stock-building by Western governments and companies.

CENTERFORSECURITYPOLICY: Center for Security Policy | Signal Allied Willingness To Release Oil Stocks Now! : Buy Time To Forge Punitive Response Against Iraq

If the stock market is weak heading into the jobs report, stocks could form a panic low, as many high-yielding stocks are now reaching attractive levels.

FORBES: The Week Ahead: Should You Be Buying or Selling?