英语文摘：Late-session rebound helps Dow snap four-day losing streak

NEW YORK, Aug. 25 (Xinhua) -- A late-session rebound lifted U.S. stocks higher on Wednesday as some investors chose to buy in the market after four days of ruthless selling.

The Dow Jones industrial average added 19.61 points, or 0.20 percent, to 10,060.06. The Standard & Poor's 500 index gained 3.46 points, or 0.33 percent, to 1,055.33 and the Nasdaq rose 17.78 points, or 0.84 percent, to 2,141.54.

Wednesday's data provided more evidence that the U.S. economy was slowing. Most stocks opened with substantial losses after government released a gloomy report on durable goods orders.

The Commerce Department said before the opening bell that orders for goods expected to last at least three years rose just 0. 3 percent in July, while economists were expecting a much stronger growth of 2.8 percent.

Excluding the volatile transportation sector, orders fell 3.8 percent last month, disappointing analysts who were anticipating a modest gain.

The weak report added to concerns that the manufacturing sector, which led the economy recovery in the first half of the year, was losing steam.

A separate report from the Commerce Department showed new home sales fell 12.4 percent in July to an annual rate of 276,600, the lowest on records dating back to 1963.

However, major indexes began to pick up after the reports as some investors believed the market was oversold after recent losing steak. Bargaining hunting in the last hour of trading finally lifted the market back to positive territory, with the Dow managing a gain for the first time in five days.

On foreign exchange market, the dollar traded mixed after gloomy economic reports. The euro dipped from to 1.2657 dollars from 1.2673 dollars in New York late trading.

Light, sweet crude for October delivery rebounded 89 cents to settle at 72.52 dollars a barrel on the New York Mercantile Exchange.

In London, Brent crude lost 1.10 dollars to settle at 73.48 dollars a barrel on the ICE futures exchange.