国际英语新闻：Wall Street rallies on new bank rules, economic optimism

NEW YORK, Sept. 13 (Xinhua) -- U.S. stocks rallied to the fourth straight session on Monday as reborn optimism about global economic recovery continued to boost the market.

The recent rally in Wall Street was fueled by a string of upbeat economic reports both from the United States and overseas. Major indexes kept rising, except for only one pause in September, as investors believed global economic recovery was not as weak as previously thought.

Monday's news was encouraging again, with new data showed China 's economy was continuing its strong expansion. China's robust growth was considered vital to the global economy, especially as the U.S. economic rebound was apparently slowing.

Also supporting the market was a deal by global bank regulators meeting in Switzerland. Although banks will be facing tighter regulations according to the new rules passed during weekend, the regulations were still not as harsh as market had feared and will be implemented in a longer time frame.

Financial stocks led the market after the new restraints. Shares of J.P. Morgan Chase rose 3.5 percent, while Bank of America gained 2.9 percent.

Dollar Thrifty shares rose more than 5 percent, as Hertz agreed to raise the value of its already agreed-upon takeover of Dollar Thrifty by more than 25 percent.

ArcSight Inc. was up 8.81 U.S. dollars to 43.91 dollars as PC maker Hewlett-Packard agreed to buy the security software provider for about 1.5 billion dollars.

The Dow Jones industrial average gained 81.36 points, or 0.78 percent, to 10,544.13. The Standard & Poor's 500 index rose 12.35 points, or 1.11 percent, to 1,121.90 and the Nasdaq was up 43.23 points, or 1.93 percent, to 2,285.71.