China's Rally Sends Stocks Up

By Kevin Spak,  Newser Staff
Posted Mar 4, 2009 8:38 AM CST
A trader works on the floor of the New York Stock Exchange yesterday.   (AP Photo)
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(Newser) – Stocks surged at today’s open, tracking a huge rally in China, the Wall Street Journal reports. The Dow climbed 100 points, while the S&P and Nasdaq each added 1.8%. That followed a more than 6% leap in the Shanghai Composite, on strong manufacturing data and stimulus discussion. US news wasn’t nearly as good: The private sector shed 697,000 jobs last month, according to new figures.