金融英语阅读：Wall Street up as fears for European economy ease

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　　US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.
　　The Dow Jones Industrial Average gained 60.17 points (0.58 percent) to 10,400.86 at 1410 GMT, while the broader S&P 500 index gained 6.28 points (0.56 percent) to 1,097.91 points.
　　The tech-rich Nasdaq composite index was up 15.55 points (0.69 percent) to 2,224.16.
　　Wall Street closed with losses on Tuesday, with the Dow losing 107 points after traders returning from a long weekend holiday cashed in on last week's robust gains amid concerns over the European banking system.
7 X! C4 A4 l" T% [& D6 F　　But Portugal's bond auction on Wednesday eased concerns over the strength of the euro-zone, said Joseph Hargett, analyst at Schaeffer's Investment research.
, C1 \( v2 X0 ?　　Traders are waiting for the release at 1800 GMT of the Federal Reserve's beige book, a summary of current economic conditions, which will offer further indications on how the US economy is faring.
　　At around the same time, President Barack Obama is expected to unveil in a speech in Cleveland, Ohio his two-year plan for 200 billion dollar tax cuts for businesses as he struggles to show progress in his efforts to battle the economic downturn ahead of November's mid-term elections.
　　"Conviction is still low, pessimism high and volume light, which adds up to more volatility and range bound trading in our estimation," said Scott Marcouiller, an analyst at Wells Fargo.
$ c2 S+ n" m* R( h4 V　　Among the stocks in focus, BP shares were almost three percent higher after it said in its much-anticipated report on the Gulf of Mexico oil spill that it was caused by human and technical failures by BP and other sides.
. m8 ?* G0 {* a- v' R, C　　Computer giant Hewlett-Packard saw its stocks drop 2.23 percent after it had filed suit against former CEO Mark Hurd after he was named a co-president at US business software giant Oracle.
& w% R0 ^6 S4 l; ~( E) n1 F0 P　　The bond market was slightly lower.
　　The yield on the 10-year US Treasury bond jumped to 2.648 percent from 2.609 percent on Tuesday while that on the 30-year bond was up to 3.711 percent from 3.669 percent. Bond yield and prices move in opposite directions.