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Stocks jump following expansion in manufacturing

Manufacturing

Stocks got a boost on Wall Street from positive economic news on Monday. The Dow Jones industrial average rose 135 points to 13,572 in the first hour of trading. The market was already higher in the opening minutes of trading, then jumped at 10 a.m. after the Institute for Supply Management reported that U.S. manufacturing grew in September for the first time in four months.

 

Wall Street rises on hopes for Fed stimulus

Bottom Line: Stocks rose in mid-morning trade on Wall Street Tuesday as investors grew more optimistic that the Federal Reserve would announce new moves to stimulate the economy.

 

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