A GLIMMER FOR HOPE!

Manufacturing is great under President Obama.

Manufacturing reports that showed growth in the United States and China helped propel stocks on Wednesday, providing an upbeat start to a new month.

Investors on Wall Street took notice, and the market charged ahead more than 200 points shortly after the open. It never looked back after the Institute for Supply Management manufacturing survey of hundreds of companies showed surprising growth in its index after previous regional surveys appeared weak.

Investors, he added, “saw the two largest economies in the world reporting better P.M.I. surveys,” referring to purchasing manager indexes. “They were able to breathe a lot easier after they saw those two reports. There was widespread relief.”

The Dow Jones industrial average jumped 254.75 points, or 2.54 percent, to 10,269.47. The Standard & Poor’s 500-stock index rose 30.96 points, or 2.95 percent, to 1,080.29, while the Nasdaq composite index gained 62.81 points, or 2.97 percent, to 2,176.84.