The market is on a tear this afternoon with all three major indexes shooting higher throughout the day. The big news powering the surge is favorable global manufacturing data and the welcome news that the U.S. is still growing.
The index of the U.S. manufacturing sector rose in January to the highest point in seven months. China's and Germany's manufacturing output also recorded gains for the period.
Here is a look at where the markets sit now:
Gain / Loss
Gain / Loss %
|Dow Jones Industrial Average
The movers and shakers
Bank of America
Computer and printer manufacturer Hewlett-Packard
The dismissal is good news for the tech company, which has had a rough year with its revolving-door CEO position and has realized generally weak performance over the past five years. 2012 is shaping up to be a great year for tech stocks, and the tech-biased Nasdaq has already clocked twice the year-to-date gains of the Dow Jones Industrial Average.
Looking past today
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Austin Smith owns shares of Wells Fargo. The Motley Fool owns shares of Bank of America, Intel, Oracle, and Wells Fargo. The Fool owns shares of and has created a covered strangle position on Wells Fargo. Motley Fool newsletter services have recommended buying shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.