The Dow ended the week up 103 to close at 16,433, the S&P gained 9 to 1,961 and the Nasdaq rose 26 to 4,822.
China’s medicine for its economy contained a tonic for car makers too, but in a way that discriminates among those manufacturers. The country’s central bank cut interest rates and bank reserve requirements. But it also cut the reserve requirement for auto financing companies by 3 percentage points.
In the middle of a record setting year, fundraising in the high quality US bond market has come to a sudden standstill.
Listen in for much more in A Wall Street Wrap-up.
