http://www.boston.com/business/markets/2012/05/29/stocks-higher-hopes-for-china-stimulus/sQ6xPLvTrip8K48tKsVkZJ/story.html
Stocks rose today because investors had hopes that China is going to step up the its economic growth and also the upcoming elections in Greece will help the country stay in the Euro. Growth in industrial stocks which depend heavily on the Chinese economy helped push the Dow Jones Industrial average up 125.86 points now up to 12,580.69 which is up 1%. China is the largest market for aluminium in the world which Alcoa makes and Caterpillar is selling its construction equipment to China. It was only the fifth gain for the Dow this month because of growing concerns of Greece dropping out of the Euro and the worsening of financial condition in Spain. Analysts are concerned that Spain and other weak European economies could drag the European Union into a recession this year which would lead to lower demand out of those nations.
I choose this article because it could have it concerns the global economy and could have a huge impact on our lives at home in the United States because of the increased globalization of the world. It also provides an update to the situation in Greece and how the other European countries are doing. Yes, the article was well written by giving substantial statistical evidence and opinions from experts in the field. I enjoyed reading the article because the stock market is something that I am interested in and also the different economies of the world and how they are more closely tied together nowadays.
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