Wall Street rebounds on Greece relief

　　NEW YORK, Feb. 13 (Xinhua) -- The Wall Street rebounded¹ from Friday's loss and rose broadly higher on Monday after Greece approved steep financial cuts in exchange for a second round of bailout money to avert² a disastrous³ default.

　　The Dow Jones industrial average gained 72.81 points, or 0.57 percent, at 12,874.04. The Standard & Poor's 500 jumped 9.13 points, or 0.68 percent, to 1,351.77.

　　The Nasdaq Composite Index rose 27.51 points, or 0.95 percent, to 2,931.39, once again renewing its 11-year closing record.

　　The gains in the market were broad-based, with only Utilities closing in negative territory among ten sectors⁴ in the S&P 500.

　　The market got a clear boost after the Greek parliament approved the austerity package on Sunday, clearing the way for the debt-burdened nation to get the money it desperately⁵ needed from the International Monetary⁶ Fund and the European Union to pay its debt before the due date in March.

　　However, investors⁷ were still cautious before finance ministers from the 17 nations using euro meet in Brussels on Wednesday to decide whether Greece's effort is enough to get the bailout package.

　　Meanwhile, investors kept a close watch on China's investment strategy. China Investment Corp. (CIC) said that it will remain cautious about investing in European government bonds, but will look for opportunities in infrastructure⁸ and real industrial projects.

　　Also drawing attentions, U.S. President Barack Obama unveiled a 3.8-trillion-dollar budget request on Monday, aiming to hike taxes on the rich, spend new money on infrastructure and education.

　　According to the budget, the U.S. deficit⁹ for fiscal¹⁰ year 2012 will top 1.3 trillion dollars, before falling in 2013 to 901 billion dollars.

　　Among stocks in focus, shares of Apple closed above 500 dollars for the first time on Monday as investors embraced the strong sales of its iPhone 4S.

　　Madison Square Garden (MSG) also spiked¹¹ to an all-time high on hopes the parent company of the New York Knicks will benefit from enthusiasm about the team's new star player, Jeremy Lin.

　　In other markets, the U.S. dollar fell against major currencies as euro rebounded on Greek deal, while crude prices surged as Iran tension continued.

　　However, U.S. crude oil futures¹² electronic trading was halted for more than one hour due to technical issues, which heavily impacted WTI's settlement.

　　Light, sweet crude for March delivery surged 2.24 dollars, or 2. 27 percent to settle at 100.91 dollars a barrel on the New York Mercantile Exchange.

1 rebounded   

弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效

参考例句：

• The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
• The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。

2 avert   

v.防止，避免；转移(目光、注意力等)

参考例句：

• He managed to avert suspicion.他设法避嫌。
• I would do what I could to avert it.我会尽力去避免发生这种情况。

3 disastrous   

adj.灾难性的，造成灾害的；极坏的，很糟的

参考例句：

• The heavy rainstorm caused a disastrous flood.暴雨成灾。
• Her investment had disastrous consequences.She lost everything she owned.她的投资结果很惨，血本无归。

4 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

5 desperately   

adv.极度渴望地，绝望地，孤注一掷地

参考例句：

• He was desperately seeking a way to see her again.他正拼命想办法再见她一面。
• He longed desperately to be back at home.他非常渴望回家。

6 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

7 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

8 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

9 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

10 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

11 spiked   

adj.有穗的；成锥形的；有尖顶的

参考例句：

• The editor spiked the story. 编辑删去了这篇报道。 来自《简明英汉词典》
• They wondered whether their drinks had been spiked. 他们有些疑惑自己的饮料里是否被偷偷搀了烈性酒。 来自辞典例句

12 futures   

n.期货，期货交易

参考例句：

• He continued his operations in cotton futures.他继续进行棉花期货交易。
• Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。