Stock Market Today: Stocks Jump to Life on Manufacturing Data, J&J Vaccine

The bulls were out in force Monday amid a big lift in U.S. manufacturing activity and another COVID vaccine approval.

A female factory worker examines a machine
(Image credit: Getty Images)

A confluence of positive drivers jolted the bulls awake Monday, triggering an across-the-board rally to kick off March.

The Institute for Supply Management's manufacturing index rose 2.1 points to a two-year high of 60.8, with any number above 50 implying expansion in activity. That was much better than the consensus expectation of 58.9.

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Kyle Woodley was long Bitcoin as of this writing.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.