Both gauges advanced

thuhoai

Senior Member
Vietnam
Hi, everyone


Could you please explain to me what "gauses "stands for?


The S&P 500 added 1.4 percent to 1,332.41, the highest level since Feb. 18. The benchmark index had its biggest first- quarter rally in 13 years, climbing 5.4 percent. The Dow Jones Industrial Average increased 156.13 points, or 1.3 percent, to 12,376.72. Both gauges advanced for a second week.

Thanks
 
  • Parla

    Member Emeritus
    English - US
    I assume your question concerns "gauges". A gauge is a scale of measurement, whether literal (as, an actual instrument) or, as here, figurative.
     

    Fabulist

    Banned
    American English
    The "S&P 500" (S&P = Standard & Poor, the compiler) and the "Dow Jones Industrial Average" (Dow Jones is also a publisher of financial news) are two stock indexes. They measure average prices. They aren't usually called "gauges," a term that is more commonly applied to instruments that measure physical characteristics like pressure and temperature. In this case, the writer wanted to use a different word, so he called these measures of average price "gauges." The types of characteristics that are usually measured with gauges are more commonly said to increase than to advance, but "advance" is used with stock prices. So "both gauges advanced" = stock prices went up according to both indexes.
     
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