U.S. Stock Market

Mar S&P 500 E-mini stock futures this morning are up +4.25 points (+0.16%) at a new record nearest-futures high. Tuesday's closes: S&P 500 +0.83%, Dow Jones +0.42%, Nasdaq +1.80%. The S&P 500 on Tuesday rallied to a new record high and closed higher on positive carry-over from a rally in China's Shanghai Composite to a 1-1/4 month high on signs on strength in the Chinese economy after the China Dec Caixin manufacturing PMI unexpectedly rose +0.7 to a 4-month high of 51.5, stronger than expectations of -0.1 to 50.7. U.S. stocks were also supported by the +0.1 point upward revision in the U.S. Dec Markit manufacturing PMI to a 2-3/4 year high of 55.1, stronger than expectations of unchanged at 55.0.