US Markets ended the First day of trading in New Year on a positive and happy note

[gnutrade.satya]

New Year has been fantastically good for the Wall Street. It ended the First day of trading in New Year on a positive and happy note, with a rally on Monday as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market.Financials led the way higher after underperforming the market last year.
Data from the United States, Europe and China set the tone, helping the Dow and S&P reach new two-year highs and the Nasdaq 100 closed at its highest.
Stephen Massocca, managing director at Wedbush Morgan in San Francisco said: "There is a lot of money in cash, a lot of money in bonds that would like out of bonds, and it's only natural with the economic improvement it's finding its way to equities."