This Fast-Growing Trend Sent Another Hot Stock Soaring Monday
Wall Street opened the new week in a mixed mood, as investors are starting to look forward to seeing what second-quarter earnings reports have to say about the state of the economic recovery. As of noon EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 170 points to 34,263, pulling back from recent gains. However, the S&P 500 (SNPINDEX: ^GSPC) managed to pick up 1 point to 4,281, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw larger gains of nearly 100 points to 14,460.
U.S. investors are used to focusing on the domestic stock market, where most of the action is. Indeed, many foreign companies list on U.S. exchanges so that they can give American investors easier access to their shares. What many U.S. investors haven't seen before is the positive impact that can result when a foreign company whose shares are already listed in the U.S. decides to do an initial public offering on another country's exchange. On Monday, JinkoSolar (NYSE: JKS) became the latest company to benefit from such a maneuver.
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Source Fool.com
