Business

Snapshot

Investors betting stimulus isn’t over

Advertisement

Investors put aside worries about a possible slowing of China’s economy and pushed the Dow nearly to its record high close of 14,164, reached on Oct. 9, 2007. Speculation that the Fed will continue stimulus measures — its vice chairman said the central bank should press on with $85 billion in monthly bond-buying — overshadowed concerns about China and US government spending cuts. China is taking steps to cool its overheated housing market. ‘The US [stock] market continues to digest the negative news and hang tough,’ said Ryan Detrick, at Schaeffer’s. The bull market in US equities is entering its fifth year this month.