Wall Street buoyed by Caterpillar earnings

 　　NEW YORK, Oct. 24 (Xinhua) -- Wall Street held its strong gain to the last minute of trading on Monday, buoyed¹ by strong earnings² from Caterpillar³ and hopes on a concrete resolution to the European debt woes⁴.

　　The Dow Jones industrial average gained 104.83 points, or 0.89 percent, to close at 11,913.62. Caterpillar, the world's largest maker⁵ of construction and mining equipment, soared more than 5 percent to lead the Dow after the company surprised investors⁶ on Monday by reporting a 44-percent quarterly earnings increase and record revenue.

　　What's more, the company also raised its full-year profit and revenue forecasts, which greatly boosted sentiment as people always look the company as a key barometer⁷ to the global economic activity.

　　The Standard & Poor's 500 was up 15.94 points, or 1.29 percent, to 1,254.19, the highest close in about three months, with basic materials and financials among the best performers.

　　The Nasdaq Composite Index rose 61.98 points, or 2.35 percent, to 2,699.44, which was positive for the year thanks to the rally in chip stocks.

　　Among the winners, Advanced Micro Devices surged more than 6 percent while Texas Instruments was up nearly 4 percent and Nvidia Corp. jumped more than 3 percent.

　　Investors still focused on headlines coming out of Europe. The region's leaders held a summit on Sunday, talking about solutions to address the ongoing⁸ debt crisis. Although there were still differences between the two largest euro zone countries Germany and France, market was optimistic that a concrete deal would be reached by Wednesday.

　　Stocks got another lift after New York Federal Reserve President William Dudley said another round of quantitative⁹ easing was a possible option for the central bank as it tried to address the struggling U.S. economy.

　　Besides, investors were happy to see that Japan's export rose for the second month in September after declining five months on the heel of the devastating¹⁰ earthquake in March, indicating Japan' s economy was gaining momentum¹¹.

　　And adding to the gains, China's Manufacturing Purchasing Managers Index returned to expansion area, according to the HSBC.

1 buoyed   

v.使浮起( buoy的过去式和过去分词 )；支持；为…设浮标；振奋…的精神

参考例句：

• Buoyed by their win yesterday the team feel confident of further success. 在昨天胜利的鼓舞下，该队有信心再次获胜。
• His encouragement buoyed her up during that difficult period. 他的鼓励使她在那段困难时期恢复了乐观的情绪。 来自《简明英汉词典》

2 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

3 caterpillar   

n.毛虫，蝴蝶的幼虫

参考例句：

• A butterfly is produced by metamorphosis from a caterpillar.蝴蝶是由毛虫脱胎变成的。
• A caterpillar must pass through the cocoon stage to become a butterfly.毛毛虫必须经过茧的阶段才能变成蝴蝶。

4 woes   

困境( woe的名词复数 )； 悲伤； 我好苦哇； 某人就要倒霉

参考例句：

• Thanks for listening to my woes. 谢谢您听我诉说不幸的遭遇。
• She has cried the blues about its financial woes. 对于经济的困难她叫苦不迭。

5 maker   

n.制造者，制造商

参考例句：

• He is a trouble maker，You must be distant with him.他是个捣蛋鬼，你不要跟他在一起。
• A cabinet maker must be a master craftsman.家具木工必须是技艺高超的手艺人。

6 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

7 barometer   

n.气压表，睛雨表，反应指标

参考例句：

• The barometer marked a continuing fall in atmospheric pressure.气压表表明气压在继续下降。
• The arrow on the barometer was pointing to"stormy".气压计上的箭头指向“有暴风雨”。

8 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

9 quantitative   

adj.数量的，定量的

参考例句：

• He said it was only a quantitative difference.他说这仅仅是数量上的差别。
• We need to do some quantitative analysis of the drugs.我们对药物要进行定量分析。

10 devastating   

adj.毁灭性的，令人震惊的，强有力的

参考例句：

• It is the most devastating storm in 20 years.这是20年来破坏性最大的风暴。
• Affairs do have a devastating effect on marriages.婚外情确实会对婚姻造成毁灭性的影响。

11 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。