U.S. stocks rally to records highs after Shanghai plunge

4:30 pm ET May 30, 2007

DJIA

13,633

+111.74

S&P

1,530

+12.12

NASDAQ

2,592

+20.53

10Yr

4.88%

-0.004

U.S. stocks rally to records highs after Shanghai plunge

NEW YORK
U.S. stocks rallied on Wednesday, sending both the Dow Jones Industrial
Average and the S&P 500 to record closing levels, as the market bounced
back from initial weakness due to an overnight sell-off in the Shanghai
stock market.

The Fed: Slowdown concerns eased at May 9 Fed meeting

WASHINGTON
The Federal Open Market Committee breathed an almost audible sigh of
relief at its May 9 meeting that the economy has appeared to recover
from brief doldrums in the first quarter, according to a summary
released Wednesday.

Emerging Markets Report: Investors less rattled by China sell-off this
time

MUMBAI, India
After yet another Shanghai sell-off that was sparked by China's latest
bid to cool off its overheated market, investors around the world seemed
less rattled than they were in comparable instances in the past.