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NEW YORK, May 27 (Xinhua) -- U.S. stocks expanded gains on Friday ahead of the long Memorial Day weekend as surging commodity prices overcame disappointing economic data.European Central Bank Governing Council member George Provopoulos said that Greece might deal with its debt problem if it sticks to the aid program. That comment, which was considered as bullish by investors, drove the U.S. dollar weaker and led commodity prices surge on Friday.The stock market was driven by higher commodities prices, with thin trading volume ahead of the Memorial Day holiday, despite somewhat disappointing economic data on Friday.The Commerce Department said that both personal income and spending rose 0.4 percent in April, in line with market estimates. However, the rise in spending was the smallest in three months, suggesting the consumption situation was still weak.Meanwhile, pending home sales dropped 11.6 percent in April. The reading was a seven-month low. The market expectation was a drop of 1 percent.Moreover, the Thomson Reuters/University of Michigan Consumer Sentiment index came in above analysts' estimates. Concerns about higher gas prices and inflation had knocked the gauge down in March and April.Despite those disappointing data, analysts still held a bullish view toward the stock market. "Despite our near-term caution, we continue to see the S&P 500 reaching 1400 over the coming year," Alec Young, equity strategist of S&P Equity Research told Xinhua.According to Alex, while recent macro headwinds were raising questions about the sustainability of recent earnings momentum, he still believed that a downside trend of market was fairly limited and that the current weakness is more likely to be a correction, rather than the beginning of a new bear market."In our view, 2011 estimated EPS would have to be excessively optimistic to justify a bear market,"he added.The Dow Jones industrial average added 38.82 points, or 0.31 percent, to 12,441.58. The Standard & Poor's 500 was up 5.41 points, or 0.41 percent, to 1,331.10. The Nasdaq Composite Index rose 13.94 points, or 0.50 percent, to 2,796.86.

LOS ANGELES, April 17 (Xinhua) -- Global warming will melt all the ice in the Arctic Ocean every summer, raising earth temperatures even further, researchers at the University of California-Los Angeles (UCLA) warned.The findings, available online Sunday in the April issue of Earth and Planetary Science Letters, a leading journal in geoscience, were based on analysis of the fossilized remains of four-million-year-old mollusks, they said.Two novel geochemical techniques used to determine the temperature at which the mollusk shells were formed suggest that summertime Arctic temperatures during the early Pliocene epoch (3.5 million to 4 million years ago) may have been a staggering 18 to 28 degrees Fahrenheit warmer than today, the researchers said.And these ancient fossils, harvested from deep within the Arctic Circle, may have once lived in an environment in which the polar ice cap melted completely during the summer months, according to the researchers.Such balmy polar weather would certainly melt all the ice in the Arctic Ocean every summer, said Aradhna Tripani, an assistant professor at the UCLA's departments of Earth and space sciences."Our data from the early Pliocene, when carbon dioxide levels remained close to modern levels for thousands of years, may indicate how warm the planet will eventually become if carbon dioxide levels are stabilized at the current value of 400 parts per million," she said.The earth's temperature was raised five to nine degrees Fahrenheit merely by the absence of year-round Arctic ice, according to Tripani.The results of the study lend support to assertions made by climate modelers that summertime sea ice may be eliminated in the next 50 to 100 years, which would have far-reaching consequences for Earth's climate, she said."The Intergovernmental Panel on Climate Change identifies the early Pliocene as the best geological analog for climate change in the 21st century and beyond," said Tripati. "The climate-modeling community hopes to use the early Pliocene as a benchmark for testing models used for forecasting future climate change."

LOS ANGELES, April 17 (Xinhua) -- Global warming will melt all the ice in the Arctic Ocean every summer, raising earth temperatures even further, researchers at the University of California-Los Angeles (UCLA) warned.The findings, available online Sunday in the April issue of Earth and Planetary Science Letters, a leading journal in geoscience, were based on analysis of the fossilized remains of four-million-year-old mollusks, they said.Two novel geochemical techniques used to determine the temperature at which the mollusk shells were formed suggest that summertime Arctic temperatures during the early Pliocene epoch (3.5 million to 4 million years ago) may have been a staggering 18 to 28 degrees Fahrenheit warmer than today, the researchers said.And these ancient fossils, harvested from deep within the Arctic Circle, may have once lived in an environment in which the polar ice cap melted completely during the summer months, according to the researchers.Such balmy polar weather would certainly melt all the ice in the Arctic Ocean every summer, said Aradhna Tripani, an assistant professor at the UCLA's departments of Earth and space sciences."Our data from the early Pliocene, when carbon dioxide levels remained close to modern levels for thousands of years, may indicate how warm the planet will eventually become if carbon dioxide levels are stabilized at the current value of 400 parts per million," she said.The earth's temperature was raised five to nine degrees Fahrenheit merely by the absence of year-round Arctic ice, according to Tripani.The results of the study lend support to assertions made by climate modelers that summertime sea ice may be eliminated in the next 50 to 100 years, which would have far-reaching consequences for Earth's climate, she said."The Intergovernmental Panel on Climate Change identifies the early Pliocene as the best geological analog for climate change in the 21st century and beyond," said Tripati. "The climate-modeling community hopes to use the early Pliocene as a benchmark for testing models used for forecasting future climate change."

LOS ANGELES, April 8 (Xinhua) -- NASA's Wide-field Infrared Survey Explorer (WISE) has discovered a rare asteroid that traces out a horseshoe shape relative to Earth, the Jet Propulsion Laboratory (JPL) said on Friday.Unlike most near-Earth asteroids (NEAs) that have eccentric, or egg-shaped, orbits that take the asteroids right through the inner solar system, the new object has an orbit that is almost circular such that it cannot come close to any other planet in the solar system except Earth, JPL said.However, even though the asteroid rides around with Earth, it never gets that close, said JPL in Pasadena, Los Angeles.As the asteroid approaches Earth, the planet's gravity causes the object to shift back into a larger orbit that takes longer to go around the sun than Earth. Alternately, as Earth catches up with the asteroid, the planet's gravity causes it to fall into a closer orbit that takes less time to go around the sun than Earth, according to JPL.The asteroid therefore never completely passes our planet. This slingshot-like effect results in a horseshoe-shaped path as seen from Earth, in which the new object, designated 2010 SO16, takes 175 years to get from one end of the horseshoe to the other, JPL said."The origins of this object could prove to be very interesting, " said Amy Mainzer of JPL, the principal investigator of NEOWISE, which is the asteroid- and comet-hunting portion of the WISE survey mission. "We are really excited that the astronomy community is already finding treasures in the NEOWISE data that have been released so far."JPL manages and operates the WISE for NASA's Science Mission Directorate, Washington.

JAKARTA, April 27 (Xinhua) -- Marine scientists will begin conducting an ecological survey in eight locations throughout the resort island in Indonesia's Bali province that could be developed as marine managed areas due to their biodiversity and coral structure, the Jakarta Post quoted an expert as saying on Wednesday.The survey, which will take place from April 29 to May 11, will be carried out by four international scientists and local scientists from universities.Ketut Sarjana Putra, the marine program director with Conservation International Indonesia, said Tuesday the survey was aimed at identifying marine species and their population in each of the eight locations.Selected from 25 potential marine conservation zones, the eight locations are Pulaki and Pemuteran, Lovina, Les Village, Tulamben and Amed, Padangbai, Nusa Penida, Bukit Uluwatu Peninsula and Perancak Beach. "We will go around Bali, starting from Sanur in the south, heading east, then covering the northern and the western areas, then back to the south," Ketut told the daily.The survey is part of a process to build a network of marine protected areas to effectively manage the island's marine and coastal resources to sustain environmental and socioeconomic value and benefits, with priority given to the eight locations.