S&P 500 futures expiring in March increased 0.4 percent to 1,145.70 at 8:42 a.m. in New York. Dow Jones Industrial Average futures climbed 32 points, or 0.3 percent, to 10,598. Gold futures advanced 1.7 percent to $1,158.50 an ounce in New York, while copper rose 2.5 percent and crude oil added 1 percent.
“There’s optimism about growth in general,” said Peter Boockvar, an equity strategist at Miller Tabak & Co. in New York. “The news from China is an indication that the global economy will continue to improve in 2010. Therefore, earnings are going to follow and investors will buy stocks.”
“There’s optimism about growth in general,” said Peter Boockvar, an equity strategist at Miller Tabak & Co. in New York. “The news from China is an indication that the global economy will continue to improve in 2010. Therefore, earnings are going to follow and investors will buy stocks.”
"Markets can remain irrational for far longer than you can remain solvent" (John Maynard Keynes)
