Description

【今日短语】

hold on to: or hold onto. 1. phrasal verb. If you hold on to something that gives you an advantage, you succeed in keeping it for yourself, and prevent it from being taken away or given to someone else.

eg. ...chip designer Arm held on to its gains yes­ter­day ...

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原文如下：

The day in the markets

(来自：The Financial Time 金融时报)

What you need to know

▸ Tech sec­tor weak­ness drags down Wall Street stocks

▸ Slide comes after global mar­kets were earlier lif­ted by ** eco­nomic data

▸ Europe equit­ies led higher by con­sumer cyc­lic­als and basic mater­i­als

Wall Street stocks fell yes­ter­day, dragged down by a weak tech sec­tor after upbeat ** eco­nomic data sparked gains for European and Asian mar­kets.

Wall Street’s bench­mark S&P 500 fell 0.8 per cent by mid­day in New York and the tech-focused Nas­daq Com­pos­ite declined 1.2 per cent, although both indices were on track to close the week with gains.

...

Shares of US chip equip­ment makers Applied Mater­i­als and Lam Research retreated while the Phil­adelphia Semi­con­ductor index — track­ing 30 of the world’s biggest semi­con­ductor man­u­fac­tur­ers — fell 2.3 per cent.

But chip designer Arm held on to its gains yes­ter­day after it made the largest ini­tial pub­lic offer­ing on Wall Street in nearly two years on Thursday — with the day-one share boost push­ing its mar­ket cap­it­al­isa­tion to more than $65bn.