Wall St. opens higher on hopes of Chinese stimulus
Reuters—
- U.S. stocks opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. China's imports shrank far more than expected in August, falling for the 10th straight month. However, Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses
Reuters—
- U.S. stocks opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. China's imports shrank far more than expected in August, falling for the 10th straight month. However, Chinese stocks rose nearly 3 percent on Tuesday as a surge in late-afternoon buying helped erase early losses