The tech-loaded Nasdaq composite (NasdaqSC:^IXIC - News) rose 20.96 points, or 1.33 percent, to 1,595.91, ending at its highest level in a year. The Standard & Poor's 500 (CBOE:^SPX - News) climbed 13.95 points, or 1.47 percent, to 963.59, its highest close since early July. The blue-chip Dow Jones industrial average (CBOT:^DJI - News) jumped 139.08 points, or 1.60 percent, to 8,850.26, its highest close this year.
The National Association of Purchasing Management-Chicago business barometer rose to 52.2 from 47.6 in April, powered higher by a pick-up in both new orders and production. A reading below 50 indicates a contracting regional manufacturing sector, while a reading above 50 signals expansion.
Yah, I do know the answer to that. That is why I'm getting into stocks as much as I can.
In that case, good luck to you. Bubble mania is alive and well.
Richard W.