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MarketWatchJul 06, 2020
Market Snapshot: Dow climbs over 320 points, Nasdaq hits intraday record as U.S. stocks bolstered by surge in Chinese equities and upbeat ISM data
U.S. stocks are trading higher to kick off the first full week in July, with investors pegging at least part of the bullishness on Wall Street to a powerful rally in China.

MarketWatch MarketPulseJul 06, 2020
China ETFs on pace for best day ever after government hints at market stimulus
China-focused exchange-traded funds were on pace for their best day on record after a state-owned newspaper urged investors to purchase equities, saying, according to a translation, that a "healthy bull market" is good for the world's second-largest economy, attempting to shake off the economic effects of the COVID-19 pandemic. The largest China ETF, the iShares MSCI China ETF [S: MCHI], was up 6.8% at midday, its best performance in its nine-year history. The SPDR S&P China ETF was 7.1% higher, and the Xtrackers Harvest CSI 300 China fund soared 10.6%, also an all-time high, back to 2013. Some funds that focus on particular sectors of the economy did even better: the Global X MSCI China Information Technology was nearly 12% higher. In the year to date, the iShares fund and the SPDR fund have both gained a little less than 14%, while the Xtrackers product is up 16.4%, compared to a 2% decline for the S&P 500 . On Monday, the Shanghai Composite Index closed 5.7% higher.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

NewsWatch: Dow climbs over 400 points, Nasdaq hits record as U.S. stocks follow surge in China markets (MarketWatch)

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