U.S. stocks extend gains, Nasdaq Golden Dragon China Index rises over 2%
ChainCatcher news, according to Golden Ten Data, U.S. stocks have extended their gains. The Nasdaq Golden Dragon China Index is up more than 2%, the Nasdaq is up 1%, the S&P 500 Index is up 0.6%, and the Dow Jones is up 0.3%.
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Wall Street’s most steadfast bull warns: If oil prices and the bond market worsen, the S&P 500 may first drop to 7,100 points.
Morgan Stanley strategists warn of risks in the energy and bond markets, stating that the S&P 500 may fall by 7% to 7100 points, but they remain optimistic about an earnings-driven rebound by the end of the year.

