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Stocks finished mixed in post-holiday trading yesterday as Wall Street meandered through a shortened session. (46)The major inde
Stocks finished mixed in post-holiday trading yesterday as Wall Street meandered through a shortened session. (46)The major inde
admin
2010-02-22
48
问题
Stocks finished mixed in post-holiday trading yesterday as Wall Street meandered through a shortened session. (46)
The major indexes ended the week higher as investors looked forward to the results of the first weekend of holiday shopping and a key jobs report next week.
Wall Street struggled to continue its bullish streak, albeit in very light trading, as continued weakness in the dollar weighed on stocks. (47)
Reports that the Chinese central bank had sold off some of its US Treasury notes due to the low dollar turned out to be unsubstantiated, boosting the dollar against the yen.
The dollar reached another new low against the euro, however.
The trading day ended at 1 p.m. EST as part of the Thanksgiving holiday weekend.
Investors already looked to next week for further news, hoping that consumer spending over the holidays would help revive the overall economy. The Labor Department is expected to release job-creation figures next Friday that Wall Street hopes will show signs of stronger job growth.
(48)
"Traditionally, this is a pretty light trading day, but the people who are in the market really want to be here, and they’re coming in with a positive bias," said Jack Caffrey, equities strategist at J.P. Morgan Private Bank.
"Most everyone else will be looking ahead to next week to see how the retailers did this weekend and see how job growth will progress."
As the holiday shopping season got under way with early morning sales across the country, retail stocks were mostly higher. Dow component Wal-Mart Stores Inc. lost 18 cents to $55.32 to buck the overall trend, while Target Corp. added 24 cents to$52.21, Federated Department Stores Inc. was up 34 cents at $57.33 and May Department Stores Co. rose 55 cents to $30.19.
(49)
Chip stocks failed to get a substantial boost from the Semiconductor Industry Association’s latest sales report, which showed a 22 percent year-over-year increase in sales in October.
Sales rose 1.5 percent month-to-month. Dow component Intel Corp. lost 40 cents to $23.21 on the news, while Advanced Micro Devices Inc. slipped 4 cents to $21.53.
Delta Air Lines Inc. lost 6 cents to $6.92 after it said late Wednesday that it reached new agreements with its lenders and aircraft lessors, wrangling $57 million in concessions from 2005 through 2009 in exchange for 4.4 million shares of Delta stock.
(50)
Oracle Corp. said it will nominate four people to the board of PeopleSoft Inc., part of its bid to acquire the rival software company that likely will trigger a proxy battle.
Oracle slipped 13 cents to $12.66, while PeopleSoft was up 2 cents at $23.54.
选项
答案
关于中国中央银行因美元汇率低而将其一部分美国财政部的票据出售的报道结果证明是没有根据的,由此提高了美元对日元的汇率。
解析
本句主干为Reports turned out to be unsubstantiated;句中that引导的定语从句用于补充说明reports的内容。句末的动名词短语用于表明主句的伴随状态,与主句有一定的因果关系。due to意为"由于,因为",表明原因,但语气较弱;turn out to be意为"证明是…,原来是…"。
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考研英语一
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