While you were sleeping: China sparks global rally

Tue, 08 Sep 2015

By Margreet Dietz Sept. 9 (BusinessDesk) - Shares on both sides of the Atlantic moved higher, triggered in part by a late surge in Chinese equities, amid optimism China’s government will act to support its flagging economy. In New York trading at about 2.45pm, the Dow Jones industrial average rose 2.3 percent, the Standard & Poor’s 500 Index climbed 2.1 percent, while the Nasdaq Composite Index added 2.3 percent. On Monday, US markets were closed for the Labour Day holiday. Gains in shares of General Electric and those of Wal-Mart, las...

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