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Washington
24 April 2007
U.S. stock market indexes opened with slight gains in early trading Monday after a week of record gains. The Dow Jones Industrial Average rose more than 150 points on Friday to post its third straight record close in one week. Although the index of 30 U.S. companies remains1 at historically high levels, investors3 started the week on a cautious note.
New York Stock Exchange opening on 20 April
VOA's Mil Arcega reports.
Smiles and applause accompanied Friday's closing bell at the New York Stock Exchange as the Dow ended the week with another record close. The blue chip index came within 40 points of the 13,000 mark after investors reacted enthusiastically to a series of better than expected earnings4 reports.
Market strategist Alan Skrainka explains. "The good news is outweighing5 the bad news, and the market is moving higher because the good news is: earnings have been very solid.
Despite a slowing U.S. economy, positive first quarter results from Google, eBay and heavy equipment manufacturer Caterpillar6 helped ease investor2 concerns.
Skrainka says the market rally suggests things are not as bad as they seem. "The market was very fearful that the housing industry would send us into a recession. Many of those investors who were worried about a market decline, now are fearful of missing out on this big rally."
But the markets were a bit more cautious Monday. Some investors are skeptical7 the market will be able to extend last week's record streak8.
Analysts9 say although the major U.S. stock indexes are at their highest levels in six years, many of the same concerns that sent the Dow tumbling two months ago remain: high inflation, a weak dollar and a sluggish10 housing market.
1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 investor | |
n.投资者,投资人 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 earnings | |
n.工资收人;利润,利益,所得 | |
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5 outweighing | |
v.在重量上超过( outweigh的现在分词 );在重要性或价值方面超过 | |
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6 caterpillar | |
n.毛虫,蝴蝶的幼虫 | |
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7 skeptical | |
adj.怀疑的,多疑的 | |
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8 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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9 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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10 sluggish | |
adj.懒惰的,迟钝的,无精打采的 | |
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