There’s a global rally in stocks going on. The Shanghai Composite Index in China is up 3% after Beijing approved a batch of railway projects and said it would speed up reform in the finance sector. The Nikkei in Japan ended above 20,000 for the first time in 3 weeks. Europe also gained after the U.S. Dow Jones Industrial Average and S&P 500 Indices hit record highs Monday. Home Depot (HD) delivered quarterly earnings and revenue that topped analysts expectations. Same store sales were also higher. Apple (APPL) has quietly shelved plans to introduce a high definition TV. The Wall Street Journal says it couldn’t find a breakthrough technology.
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