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GMATNinja, could you please clarify on the basis of what E should be eliminated?
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tkorzhan1995
GMATNinja, could you please clarify on the basis of what E should be eliminated?

Hello tkorzhan1995,

We hope this finds you well.

To answer your query, the pronouns "those" and "that" can be used to refer to just the main noun of a noun phrase, but the pronoun "they" must refer to the entire phrase; thus, Option E illogically implies that the reasons for yesterday's sharp rise in the stock market were much the same as the reasons for yesterday's rise were last week.

We hope this helps.
All the best!
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Hello from the GMAT Club VerbalBot!

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