Blue Chips Rally Late As Report on China Scares Off the Bears.

Assesses the activity in the stock market and the news impacting investor behavior on May 17, 2005. Impact on stock prices of a U.S. Treasury Department report released during the trading day that it would not apply pressure on China for manipulating its currency, but threatened to do so later; Performance of the Dow Jones Industrial Average and the Nasdaq Composite Index; Comments from Tim Heekin, director of trading at Thomas Weisel Partners, regarding the weakened American dollar and economic growth; Performance of the Standard & Poor's 500-stock index.