Today’s Financial Times headline says Stocks rally on solid US earnings reports.
Rally
Can you guess what rally means? Quite often the context helps you. Here, if US financial earnings reports are ‘solid’ or, indeed once you click the story, you read about ‘accelerating growth’, then it’s good news. It means the economy’s recovering. Likewise, ‘stocks rallying’ means that the value of US stocks is picking up again or recovering or bouncing back after a slow period of growth or recession.
You’ll sometimes here this:
The markets rallied later in the day following promising news from the ECB.
In sport you can say something similar:
Manchester rallied late in the match with goals from Beckham and Biggs.
‘Rally’ in general means to support or defend an idea. It has this meaning of coming together when there’s an idea worth fighting for or when you’re coming together to support somebody or something you all stand for:
- His supporters all rallied to support the president during the scandal.
As a noun, ‘rally’ is usually used to talk about a public meeting where people to go to protest for or against something:
They went to a rally in support of the opposition.
What other words can you guess in today’s financial press?
China Export says
Hello, I check your blogs daily. Your story-telling style is
awesome, keep up the good work!
David Sweetnam, Prague says
Hi Jim thanks for visiting – and hope too that you’ll like how this blog develops 🙂
David