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by Sun Oumeng Nike Air Max 270 Women's Coral Stardust UK , Wang Naishui

NEW YORK, March 2 (Xinhua) -- U.S. stocks surged to close at record highs Monday, with the Nasdaq Composite Index soaring above the round-number mark of 5,000 points for the first time since March 2000, as investors meditated on downbeat economic data and an interest rate cut in China.

The Nasdaq on Monday went up 44.57 points to close at 5,008.10. The tech-heavy index set its all-time high of 5,132.52 points on March 10, 2000, when it closed at a record high of 5 Men's Nike Air Max 270 Camo Heel UK ,048.62 points on the same day.

The Dow closed at its all-time high of 18,288.63 points Monday, up 155.93 points, setting its fourth closing record for 2015. The S&P 500 ended at its fifth record close for the year, up 12.89 points, or 0.61 points, to 2,117.39.

Adding positive sentiment to the market, the People's Bank of China Men's Nike Air Max 270 Ultramarine UK , the country's central bank, on Saturday announced that it would cut the benchmark deposit and loan interest rate by 25 basis points (bps) starting March 1.

"In my opinion, I do believe that we will experience modest gains again this year," Keith Bliss, Senior Vice President of Cuttone & Co., a broker dealer, told Xinhua.

The U.S. equity markets have been on a record breaking run to new all-time highs, with the S&P 500 going up a stunning 68.1 percent from the beginning of 2011 to now.

U.S. stocks closed the month of February on a strong note Friday, as data showed the U.S. economy regained moderate growth in the fourth quarter of 2014.

"The U.S. fundamental economy actually showed a better growth Men's Nike Air Max 270 Triple Black UK , and that's because a combination things from consumer having better jobs and benefit from oil, and companies have a lot cash and start into investing capital expenditures," Thomas Lee, Managing Partner at New York-based Fundstrat, told Xinhua. Lee was a former chief equity strategist with JP Morgan.

Wall Street was also sifting through Federal Reserve Chairwoman Janet Yellen's remarks on monetary policy in her testimonies to Congress. Yellen has reiterated that normalization of interest rates would begin when the Federal Open Market Committee is confident that inflation is on track to hit the U.S. central bank' s inflation target of 2 percent.

"If economic conditions continue to improve, as the committee anticipates, the committee will at some point begin considering as increase in the target range for the federal funds rates on a meeting-by-meeting basis," said Yellen.

While the U.S. central bank is signaling that they also want monetary policy to normalize, their hands will be tied for several quarters Nike Air Max 270 Men's Light Bone UK , according to Bliss.

"Moreover, even with the Fed pulling back, the other major central banks of the world -- ECB, BOE, BOJ, PBOC, have clearly signaled that they are willing to take an aggressive policy stance to be the great protectors of regional economies," Bliss said.

Trading of U.S. stocks has been choppy since the start of the year, mostly because of concerns over Europe. But the recent development concerning Greek debt soothed investors' sentiment Men's Nike Air Max 270 Hot Punch Black UK , according to Lee.

The eurozone's finance ministers approved Greece's new bailout plan last Tuesday as the Greek government tabled a "comprehensive" list of proposed reform measures for approval by the Eurogroup teleconference under the Feb. 20 deal for a four-month extension of the four-year bailout to June.

To the relief of investors, German lawmakers approved the extension of the Greek bailout program last Friday as well.

"I think stock market will be less volatility in the coming months," said Lee.

The Chicago Board Options Exchange's Volatility Index, often referred to as Wall Street's fear gauge, fell to 13.04 Monday.

In February, the three major indices rebounded strongly, with the Dow, the S&P and the Nasdaq up 5.6 percent, 5.5 percent Men's Nike Air Max 270 Grape White Black UK , and 7. 1 percent, respectively.

Mark Otto, PartnerDesignated Market Maker at J. Streicher & Co. , told Xinhua that dips have proven to be buying opportunities as the market reverts back to new highs.

"U.S. markets continue to be extremely resilient," Otto said.

Stocks have a relatively attractive value, because they are cheap against bonds, Lee insisted.

Latest data from Thomson Reuters showed that S&P 500 companies' per-share earnings in the fourth quarter of 2014 are expected to grow 6.7 percent year on year, while revenue growth is forecast to increase 2 percent.

"Of course, much could happen in the world which could change my thinking Nike Air Max 270 Flyknit Black Orange UK , but as long central bankers are willing participants, as long as companies keep making money and hiring workers, and as long as the world's geo-political 'hot spots' are kept calm, then my belief is that we will see gains in the U.S. market again this year," said Bliss.

BEIJING, July?21 (Xinhuanet) -- Shandong tire producer expands its overseas reach with UK ventures, reports Meng Jing.

You Xuezhong, chairman of the board of Shandong Yongtai Chemical Group, a leading private tire producer in China Nike Air Max 270 Flyknit Green White UK , brought his entire family to the United Kingdom this summer.

It seemed like a cozy family trip with even You's grandchild being on board, but the 63-year-old businessman certainly had much more on his mind than spending some quality time with his family.

During the trip to the UK in mid-June, You struck a deal to acquire the Coventry-based automotive manufacturer UYT Ltd for 28 million pound ($43.59 million).

The acquisition marks Yongtai's second major move in the UK. In July 2013, the tire producer, based in Dongying, a city in East China's Shandong province, acquired a 70 percent stake in Covpress Ltd, a Coventry-based pressed materials company that presses steel into car-body parts.

UYT, which is going to serve as an assembly plant for the car parts pressed by Covpress Nike Air Max 270 Flyknit Green Black UK , is seen by Yongtai as part of an important move to extend the industrial chain of its auto component business as assembled products can. Cheap Jerseys China Cheap Wholesale Jerseys Cheap MLB Jerseys From China Cheap NCAA College Jerseys Cheap Hockey Jerseys Wholesale Jerseys From China Wholesale Jerseys From China Wholesale Football Jerseys Wholesale Authentic Soccer Jerseys Wholesale NCAA Jerseys


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