Positive News Gives Indexes a Push
Increasing optimism gave major market indexes a boost yesterday, letting the DJIA flirt with 10,000. Though too early to reflect a general trend, the move up coincides with news suggesting that the global economy may have stronger legs than first thought. A Reuters’ report showing a significant increase in China’s exports helped allay fears that the world’s third largest economy could get throttled by the ongoing European debt crisis. Europe is China’s biggest export destination, having recently surpassed the U.S., but we depend upon both China and Europe for our own exports. If China falls into recession, it will be…
