英语资讯
News

英语文摘:Wall Street rallies on Election Day

Source:  Onion  2008-11-05   English BBS   Favorite  
NEW YORK, Nov. 4 (Xinhua) -- Wall Street refreshed its largest Election Day rally in 24 years on Tuesday with all major indexes soaring more than 3 percent.

    The Commerce Department said Tuesday that factory orders fell 2.5 percent in September from August levels, much worse than the 0.7percent drop analysts predicted.

    However, investors looked beyond economic data trying bottom fishing as uncertainty for the White House is going to be ended.

Traders work on the floor of the New York Stock Exchange November 4, 2008.

Traders work on the floor of the New York Stock Exchange November 4, 2008.

Shares of energy and material led stocks as U.S. dollar plunged against other major currencies. Exxon Mobil Corp. rose 4.3 percent, aluminum producer Alcoa Inc. rose 3.5 percent.

    General Electric rose 7.6 percent on reports that the U.S. government may buy stakes in the company.

    Strong earnings at MasterCard Inc. and Archer Daniels Midland Co. bolstered optimism about consumer spending and corporate pricing power despite the stalled economy.

    The Dow Jones Industrial Average rose 305.45, or 3.28 percent, to 9,625.28. The Standard & Poor's 500 index gained 39.45, or 4.08percent, to 1,005.75. The Nasdaq composite index rose 53.79, or 3.12 percent, to 1,780.12.


将本页收藏到:
上一篇:英语文摘:EU finance ministers agree plan to reform global financial system
下一篇:英语文摘:Crude futures surge above $70 on weak dollar, production cut
最新更新
论坛精彩内容
网站地图 - 学习交流 - 恒星英语论坛 - 关于我们 - 广告服务 - 帮助中心 - 联系我们
Copyright ©2006-2007 www.Hxen.com All Rights Reserved