• What went down: The Financial Times reported that China was thinking about ditching their European debt, which would be a huge blow for Europe’s economy. However, China denied these rumors, and reassured investors. Essentially, they stayed the course and singlehandedly turned stocks around. Not bad for doing nothing.

• 1.7% the increase in the Dow Jones Industrial this morning
• 2% the leap in
  the broader S&P 500
  after the news
• 2.3% the leap in the tech-heavy Nasdaq 500 on the news source

Posted by Ernie Smith • Permalink