US stocks and bonds rallied last night while the US dollar fell as upbeat economic data from China allowed the S&P500 to advance for the fifth day straight. On the other hand, concern about the possibility of a Western strike against Syria fuelled bids for safe-haven US debt with the yield on the US 10-year Treasury bond falling to 2.91% overnight. At the close, the Dow Jones industrial average was up 140.62 points, or 0.94%, at 15,063.12 while the S&P500 Index was up 16.54 points, or 1.00%, at 1671.71. The Nasdaq was up 46.17 points, or 1.26%, at 3706.18.
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