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For a preview of how the US will trade on Wednesday be sure to be watching China in the hours ahead

The Tuesday surge in the US was pre-empted by Chinese intervention in stock markets in China yesterday.

The Chinese ‘national team’ (State funds leading) bought heavily as Chine3se indexes slumped, as posted in real-time here during the Asia timezone.
Stay tuned to see what they do today! Its going on to 5.30am in China right now, the State fund traders are mainlining coffee in preparation for a big Wednesdayt!
The turnaround in the CSI300 as posted in yesterday’s Asia wrap:
The Tuesday surge in the US was pre-empted by Chinese intervention in stock markets in China yesterday.

US stocks close higher across the board. Nasdaq leads the way.

Some selling into the close.

The US stocks are closing higher on the day with the Nasdaq leading the move higher.  The Dow, which has been the leader in the short term, has closed higher but lagged today.
  • Nasdaq has the best November. Closes 8% below record high
  • Dow closes 1% from all time high
  • S&P closed less than 2% from the all time high
  • Dow posts 3-day win streak
The final numbers are showing:
  • The S&P is closing up 54.10 points or 1.42% at 3875.46
  • The Nasdaq is closing up 464.66 points or 3.69% at 13073.82. The high reached 4.30%
  • The Dow rose +30.30 points or 0.10% at 31832.74. The high reached 347 points or 1.09% at the highs
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