US stocks open higher, shaking off another drop in China

[Omaha Steve]

Source: AP

NEW YORK (AP) — U.S. stocks are opening higher as the market shakes off the latest drop in China.

Hospital operator HCA Holdings jumped 6 percent early Monday, the most in the Standard & Poor's 500 index, after raising its profit forecast.

The Dow Jones industrial average gained 58 points, or 0.4 percent, to 16,401 as of 9:35 a.m. Eastern time.

The S&P 500 index rose seven points, or 0.4 percent, to 1,929. The Nasdaq composite increased 21 points, or 0.5 percent, to 4,664.

FULL story at link.


A man walks past an electronic board displaying stock prices at a brokerage house in Beijing, Monday, Jan. 11, 2016. Barely a week into 2016, Chinese President Xi Jinping is already having a rough time of it, with a plummeting stock market, falling currency, new provocations from boisterous ally North Korea and strong prospects for a victory by the pro-independence opposition in Taiwan, which China sees as a renegade province. (AP Photo/Andy Wong)

Read more: http://bigstory.ap.org/article/3dad35db24df4cb5a4c7c05c0e98a2b5/asian-stocks-down-wall-street-fall-china-uncertainty

[Feeling the Bern]

1. All of this is happening to Xi Jinping. Couldn't happen to a better person. Quasi fascist

meat stick. That guy is worse the Hu Jintao and Jiang Zemin combined.

And his second in command lackey Li Keqiang is even worse.

[Bucky]

2. 2 causes: confidence in the Obama economy & overcapitalization of US investing class

What did you think wealthy people would do with their money, start a new business? HA!