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.
Investors betting stimulus isn’t over
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week