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student teacher
Joined: 18 Oct 2005
Posts: 110
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 Posted: Sun Nov 19, 2006 1:58 am Post subject: What is that stocks follow? |
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Hi, teachers.
World stocks will rise further as they follow earnings gains.
What does "earnings gains" mean?
Does "follow" mean pursue/seek in this sentense?
Please help me, thank you.
With regards. |
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Mister Micawber
Joined: 23 Mar 2006
Posts: 774
Location: Yokohama
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| Posted: Sun Nov 19, 2006 4:39 am Post subject: |
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Earnings gains sounds a little odd in an investment context because both words have specific and different meanings. I suppose that the writer is using gains in its more general meaning, and that earnings gains simply means increased earnings (= more money made by the companies). When earnings increase, the value of the company then increases, and the price of its stock shares therefore increases: in that sense, a rise in stock price follows gains in earnings.
.
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"I really do not know that anything has ever been more exciting than diagramming sentences." � Gertrude Stein
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Canadian-American who teaches English for a living at Mr Micawber's |
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