The fragile markets were caught off-guard Friday by an

'ing' also called participial modifier modifies the entire phrase that precedes it. In this case 'renewing' modifies the entire preceding clause and not just retail sales of May.

But wasn't it the retail sales in May that "renewed the concerns"? Not the fragile market... which would mean A is correct.

this is simiar to gmatprep question.

the event dose not renew concern but
the fragile market renew concern by the market's caught off.

this is intended meaning.

very hard one.

the subject is "fragile market" so "an event" cant refer this
"renewing" is better as it shows that what when market caught off guard on friday
So E
rest are wrong as " and renewed" cant be used.. this isnt about parallelism. it ruined the meaning
D is run on

Here, B and E are the contenders for the correct answer choice and the winner is E.

As per the explanations and analysis in the replies, we are ruling out the option B because it is being treated as appositive modifier and hence it is not following the touch rule appropriately.

But, I think that it is an absolute phrase, and it is modifying the entire clause.

Moreover, I have see that comma + ing-modifier doesn't go well to modify the passive clause as the subject is not direct in the passive clause

Could the expert let me know as to why option E is better that option B ? Thanks for your help

Hi VeritasKarishma, could you clarify on it, given egmat is very elaborate on the subject of comma + ing-modifier

Thanks VeritasKarishma for the clarification !!

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