国际英语新闻：Recovery in euro helps U.S. stocks swing back

NEW YORK, May 17 (Xinhua) -- The euro rebounded back higher against the dollar after dipping to four-year lows on Monday, sending the U.S. stocks on a V-shape swing to higher closing.

As of market closing, the Dow Jones industrial average rose 5. 67, or 0.05 percent, to 10,625.83. The Standard & Poor's 500 index added 1.26, or 0.11 percent, to 1,136.94 and the Nasdaq gained 7. 38, or 0.31 percent, to 2,354.23.

The euro pared early losses and gained against the greenback in late afternoon trading. A rally in technology shares also helped to lift the big board.

Stocks tumbled more than 1.5 percent earlier as the euro slipped to four-year lows amid worries about the European economy. Investors worried that the uNPRecedented European rescue package would not be enough to defuse the continent's crisis over high levels of government debt.

The market struggled for much of the day as steep slides in commodity prices hit energy and materials, while a weak Empire State manufacturing report put a damper on investor sentiment.

Light, sweet crude for June delivery lost 1.53 dollars to settle at 70.08 dollars a barrel on the New York Mercantile Exchange. Crude futures dropped to as low as 69.27 dollars a barrel during trading, the first time below the 70-dollar level in five months.