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The stock market jumped on the first trading day of the year following reports of stronger manufacturing activity around the world as well as a rise in oil prices.A key point is this paragraph:Major stock indexes rose more than 1.5 percent, including the Dow Jones industrial average, which rose 165 points.
A U.S. trade group said manufacturing activity expanded faster than expected in December. The Institute for Supply Management's index of manufacturing activity rose to 55.9 from 53.6 in November, more than analysts had expected.