Wall Street ends volatile August amid stimulus hope

 　　NEW YORK, Aug. 31 (Xinhua) -- Wall Street closed moderately higher on Wednesday, ending a volatile¹ August as investors² hope that the Federal Reserve will add more liquidity³ to the market.

　　On the economic front, ADP employment report showed that private-sector⁴ payrolls⁵ increased 91,000 in August, slightly below economists⁶' expectation of 100,000 increase. The figure helped to ease investors' worries about the job market.

　　Meanwhile, Chicago purchasing managers index slowed in August to 56.5 percent from 58.8 percent in July, suggesting that business activities were still weak.

　　Stocks opened slightly higher Wednesday but erased⁷ earlier gains in the afternoon, as telecommunications and technology stocks fell on the news that the Justice Department challenged telecommunication⁸ company AT&T's major takeover with T-Mobile.

　　The Dow Jones industrial average gained 53.58 points, or 0.46 percent, to 11,613.53. The Standard & Poor's 500 was up 5.97 points, or 0.49 percent, to 1,218.89. The Nasdaq Composite Index rose 3.35 points, or 0.13 percent, to 2,579.46.

　　Investors are counting on a positive performance from the market in September, even though September is usually considered the worst month in the history of Wall Street.

　　"We are maintaining our neutral allocation recommendation, however, as well as our defensive⁹ sector bias¹⁰, as long-term fundamental and technical risks continue to present obstacles to a renewed bullish outlook," Sam Stovall, chief investment strategist of Standard & Poor's Equity¹¹ Research said to Xinhua.

　　The greenback traded mixed against major currencies in late New York trading on Wednesday with the dollar index rising 0.26 percent to 74.14.

　　U.S. crude oil price fell on Wednesday as U.S. crude inventories¹² increased sharply last week, but better-than-expected economic data limited the loss.

　　Light, sweet crude for October delivery fell 9 cents, or 0.10 percent to settle at 88.81 dollars a barrel on the New York Mercantile Exchange, after trading from 87.67 dollars to 89.54 dollars.

1 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

4 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

5 payrolls   

n.（公司员工的）工资名单( payroll的名词复数 )；（公司的）工资总支出，工薪总额

参考例句：

• Indices of employment, payrolls, and production steadied in February 1931931年2月，就业、工资额和生产指数稳定。 来自辞典例句
• Wall Street responded to the payrolls figures with gusto. 华尔街对就业数据作出了积极的反应。 来自互联网

6 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

7 erased   

v.擦掉( erase的过去式和过去分词 )；抹去；清除

参考例句：

• He erased the wrong answer and wrote in the right one. 他擦去了错误答案，写上了正确答案。 来自《简明英汉词典》
• He removed the dogmatism from politics; he erased the party line. 他根除了政治中的教条主义，消除了政党界限。 来自《简明英汉词典》

8 telecommunication   

n.电信，远距离通信

参考例句：

• Telecommunication is an industry of service.电信业是一个服务型的行业。
• I only care about the telecommunication quality and the charge.我只关心通信质量和资费两个方面。

9 defensive   

adj.防御的；防卫的；防守的

参考例句：

• Their questions about the money put her on the defensive.他们问到钱的问题，使她警觉起来。
• The Government hastily organized defensive measures against the raids.政府急忙布置了防卫措施抵御空袭。

10 bias   

n.偏见，偏心，偏袒；vt.使有偏见

参考例句：

• They are accusing the teacher of political bias in his marking.他们在指控那名教师打分数有政治偏见。
• He had a bias toward the plan.他对这项计划有偏见。

11 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

12 inventories   

n.总结( inventory的名词复数 )；细账；存货清单（或财产目录）的编制

参考例句：

• In other cases, such as inventories, inputs and outputs are both continuous. 在另一些情况下，比如存货，其投入和产出都是持续不断的。
• The store must clear its winter inventories by April 1st. 该店必须在4月1日前售清冬季存货。