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(单词翻译:双击或拖选)
NEW YORK, March 25 (Xinhua) -- U.S. stocks advanced on Friday, the sixth gain in the past seven sessions, as more evidences in domestic(国内的) economic recovery offset1 uncertainties2 from overseas.
The Dow Jones industrial average(道琼斯指数) gained 50.03 points, or 0.41 percent, to 12,220.59. The Standard & Poor's 500 Index advanced 4. 14 points, or 0.32 percent, to 1,313.80, and the Nasdaq was up 6. 64 points, or 0.24 percent, to 2,743.06.
For the week, both the blue-chip Dow and broader S&P 500 rallied about 3 percent, while the tech-heavy Nasdaq surged nearly 4 percent, breaking a two-week losing streak3 and recouping all losses since the massive earthquake struck Japan.
Material sector4 led the gains in the market this week, rallying more than 4 percent as commodity prices surged across the board, while Energy sector was also among the best performers amid rising oil prices.
Technology shares made an impressive comeback, jumping more than 4 percent this week, on strong earnings5 and corporate6 outlooks.
Meanwhile, the Chicago Board Options Exchange Volatility7 Index (VIX), known as the fear gauge8 of the stock market, fell for the seventh consecutive9 day, extending its retreat since March 16 to 41 percent.
Even though some traders were still taking sidelines amid Libya' s continuous unrest, Japan's nuclear concerns and ongoing10 European debt woes11, more and more investors12 seemed to shrug13 off global concerns and bet on a stronger U.S. recovery.
The Commerce Department said on Friday that the Gross Domestic Product growth in the fourth quarter was revised up to an annualized rate of 3.1 percent, up from its tally14 of 2.8 percent made in February and also slightly higher than market expectation.
Strong corporate earnings also gave Wall Street a boost. Oracle15' s shares rose to a then-year higher after the business software company's fiscal16 third-quarter profit soared 78 percent, with strong margins17 and a surge in licensing18 revenue.
Accenture rose nearly 5 percent, one of the biggest winners in tech stocks, after the technology outsourcing and consulting company raised its outlook.
Moreover, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday that the U.S. economic recovery was on solid ground. Therefore, it was unlikely that the Federal Reserve will extend its bond-buying stimulus19 program.(本文由在线英语听力室整理编辑)
1 offset | |
n.分支,补偿;v.抵消,补偿 | |
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2 uncertainties | |
无把握( uncertainty的名词复数 ); 不确定; 变化不定; 无把握、不确定的事物 | |
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3 streak | |
n.条理,斑纹,倾向,少许,痕迹;v.加条纹,变成条纹,奔驰,快速移动 | |
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4 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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5 earnings | |
n.工资收人;利润,利益,所得 | |
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6 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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7 volatility | |
n.挥发性,挥发度,轻快,(性格)反复无常 | |
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8 gauge | |
v.精确计量;估计;n.标准度量;计量器 | |
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9 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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10 ongoing | |
adj.进行中的,前进的 | |
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11 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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12 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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13 shrug | |
v.耸肩(表示怀疑、冷漠、不知等) | |
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14 tally | |
n.计数器,记分,一致,测量;vt.计算,记录,使一致;vi.计算,记分,一致 | |
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15 oracle | |
n.神谕,神谕处,预言 | |
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16 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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17 margins | |
边( margin的名词复数 ); 利润; 页边空白; 差数 | |
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18 licensing | |
v.批准,许可,颁发执照( license的现在分词 ) | |
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19 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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