Message to China: "Don't Worry About it"
Wall Street Extends Rally to 4th Day - Dow Jones Up!
China still has "reservations" about the debt U.S. owes them. President Obama sends out signals of strenght and rebound. Wall Street stocks had wobbled higher Friday to extend the market's winning streak to four days as investors appeared upbeat on prospects for an end to a grinding bear market.
The Dow Jones Industrial Average rose 53.92 points (0.71 per cent) to 7,223.98 at the close of a . . .
. . choppy session, adding to gains of more than 600 points in the prior three days for blue chips.
The tech-heavy Nasdaq added 5.40 points (0.38 per cent) to 1,431.50 and the broad-market Standard and Poor's 500 index increased 5.37 points (0.72 per cent) to a preliminary close of 756.11.
About 8.00am AEDT the Australian dollar is buying 65.78 US cents.
Wall Street was coming off a strong rally Thursday (local time), capping gains of more than 10 per cent for the main indexes, amid optimism that the worst may be over for the financial sector and possibly the economy.
