U.S. stocks rose today due to encouraging economic data from China reinforced the view the world’s second-largest economy was stabilizing and gave investors further reason to buy. Industrial output rose a robust 10.4% in August, the strongest in over a year. Retail sales and fixed asset investments last month also rose more than expected in China. This affects us because due to globalization and our strong ties with China and their imports and since most of our materials is made in China; so if China’s industrial output is rising it means their economy is expanding which is optimistic news for the U.S. because of economic incentives.
Another reason U.S. stocks is up is because the probability of military action against Syria has eased down.
The Dow Jones industrial average (^DJI) was up 127.94 points, or 0.85 percent, at 15,191.06. The Standard & Poor’s 500 Index (^GSPC) was up 12.28 points, or 0.73 percent, at 1,683.99. The Nasdaq Composite Index (^IXIC) was up 22.84 points, or 0.62 percent, at 3,729.02.