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It was a New Year's rally on Wall Street. Stocks kicked off 2012 with gains across all the1 major indexes. In minutes released from its December meeting, the Federal Reserve said it will begin publishing forecasts2 on its game plan for future interest rates later this month. It also said officials would provide forecasts for the first rate hike.


Encouraging data on the U.S. manufacturing sector helped Wall Street's mood as well. Growth accelerated in December, its best month since June. A rise in new orders suggested the economy gained momentum at the end of 20113. Separately, construction4 spending in November surged to its highest level in nearly 18 months5.


Crude oil prices jumping more than four percent. At the New York Mercantile Exchange, futures settled just under $103 a barrel. Tensions continue to rise between the U.S. and Iran which has threatened to block a key oil shipping route.


Taking a look at the closing numbers: a strong start to the new year with gains across the board. And in Europe stocks rose to their highest close in five months6thanks in part to strong manufacturing data from both the U.S. and China.


1- additional "the" between across and all

2- additional "a" before forecasts

3- additional "the" before 2011

4- pronunciation

5- pronunciation

6- pronunciation


Overall, great job! a few problems in the beginning but you improved towards the end of the reading.