U.S. stocks rise on economic data after biggest dive

 　　NEW YORK, March 7 (Xinhua) -- U.S. stocks rose on Wednesday, a day after their biggest dive since the beginning of this year, as U.S. economic data beat estimates.

　　Stocks opened higher amid positive economic data, then surged more after the U.S. government said that oil refineries¹ are operating at a faster clip than economists² had expected.

　　The positive news eased concerns about the Greek debt crisis.

　　The Dow Jones industrial average gained 78.18 points, or 0.61 percent, at 12,837.33. The Standard & Poor's 500 was up 9.27 points, or 0.69 percent, to 1,352.63. The Nasdaq Composite Index rose 25.37 points, or 0.87 percent, to 2,935.69.

　　On the economic front, the private sector³ added 216,000 jobs last month, the ADP National Employment Report said on Wednesday, topping economists'expectations for a gain of 208,000.

　　The ADP figures come ahead of the government's labor⁴ market report on Friday, which included both public and private sector employment and was generally considered more comprehensive.

　　Meanwhile, the Labor Department said that productivity rose 0.9 percent in the fourth quarter, in line with consensus⁵ estimate.

　　The Institute of International Finance said that 30 members of its private creditor-investor committee for Greece plan to voluntarily take part in the Greek debt swap⁶ plan. They hold 81 billion euros of outstanding debt, or 39.3 percent of the 206 billion euros of the eligible⁷ privately⁸ held debt.

　　The Greek government was optimistic that over 75 percent of eligible bonds would take part in the deal. Some investors⁹, however, were still concerned about the ongoing¹⁰ situation.

　　As for other markets, the U.S. dollar fell against most major currencies in late New York trading on Wednesday. The dollar index lost 0.18 percent to 79.72. U.S. crude oil price rebounded¹¹ as U.S. private sector created more jobs in February.

　　Light, sweet crude for April delivery added 1.46 dollars, or 1. 39 percent to settle at 106.16 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for April delivery also gained and last traded around 124 dollars a barrel.

1 refineries   

精炼厂( refinery的名词复数 )

参考例句：

• The efforts on closedown and suspension of small sugar refineries, small saccharin refineries and small paper mills are also being carried out in steps. 关停小糖厂、小糖精厂、小造纸厂的工作也已逐步展开。
• Hence the sitting of refineries is at a distance from population centres. 所以，炼油厂的厂址总在远离人口集中的地方。

2 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》

3 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。

4 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

5 consensus   

n.(意见等的)一致，一致同意，共识

参考例句：

• Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗？
• What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么？

6 swap   

n.交换；vt.交换，用...作交易

参考例句：

• I will swap you my bicycle for your radio.我想拿我的自行车换你的收音机。
• This comic was a swap that I got from Nick.这本漫画书是我从尼克那里换来的。

7 eligible   

adj.有条件被选中的；(尤指婚姻等)合适(意)的

参考例句：

• He is an eligible young man.他是一个合格的年轻人。
• Helen married an eligible bachelor.海伦嫁给了一个中意的单身汉。

8 privately   

adv.以私人的身份，悄悄地，私下地

参考例句：

• Some ministers admit privately that unemployment could continue to rise.一些部长私下承认失业率可能继续升高。
• The man privately admits that his motive is profits.那人私下承认他的动机是为了牟利。

9 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

10 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。

11 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。