NEW YORK ( TheStreet) -- The markets rang in the new year with a bang. The Dow Jones Industrial Average jumped 93.24, or 0.81%, to 11,670.75, while the S&P 500 rose 14.23, or 1.13%, to 1,271.87. The Nasdaq jumped 85.85, or 1.46%, to 2,691.52. Melissa Lee, the moderator of CNBC's "Fast Money" TV show, said today's big trading day marked the best showing in seven years. Pete Najarian said it was a "strong start" for the market, with the critical factor being the return of volume. He said 16.5 million options traded today, with strong interest in the financials, commodities and rail. Karen Finerman, though, was puzzled by today's strong response because she couldn't figure out what happened between today and last Friday to warrant the jump. Tim Seymour was enthused about the positive manufacturing data from the U.S. and Europe, noting this will be good for China. Guy Adami was impressed with today's market action. He said investors now have a benchmark of 1,280 in the S&P to "grade against." He said stocks look a little rich, with a lot of people looking for prices to come down. Leading today's bullish start to the new year were tech stocks, spearheaded by Apple ( AAPL) and Amazon.com ( AMZN), which new 52-week highs. Najarian said Apple is benefitting from its Mac sales and its iPhone deal with Verizon ( VZ). "There are a lot of catalysts out there, including a new iPad," he said. Weighing in on Apple, Yair Reiner, an analyst with Oppenheimer & Co., was bullish on the stock. He said Apple is growing 70% a year with a lot of runway in all markets. He said the biggest worry is from Android in the smartphone market, but he argued that Apple commands the iPad space because Apple has been so aggressive in pricing its product that it has made it difficult for competitors to produce products at the same price level. He has a price target of $385 for Apple. He also said Hewlett-Packard ( HPQ), could be a sleeper this year, with its P/E in single digits and its potential growth in the enterprise area.