S&P 500 Record Stoked by American Companies' Growing China, German Sales

(Bloomberg) -- When the stock market's benchmark for Corporate America rallies to a record, investors can attribute the bull market to its growing dependence on the Chinese.

Companies in the Standard & Poor's 500 Index get 49 percent of their sales from outside the U.S., up from 30 percent in 2001, according to S&P, whose index includes the biggest corporations. The balance may tip this year as global growth outpaces the U.S. The world economy will expand 4.2 percent in 2007, twice the U.S. pace, according to Goldman Sachs Group Inc.


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