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MARKET SNAPSHOT: U.S. Stocks Up On Manufacturing Surprise

By Kate Gibson, MarketWatch U.S. stocks gained ground Tuesday after a report showed U.S. manufacturing expanded at a more rapid pace for April. The Institute for Supply Management's manufacturing index rose to 54.8% last month from 53.4% in March. Economists surveyed by MarketWatch had forecast the index would fall to 53.3%. After holding near unchanged ahead of the report, stock indexes pulled higher. "Today's figure was definitely a surprise and stocks are obviously behaving as such," emailed Peter Boockvar, equity strategist at Miller Tabak & Co. The Dow Jones Industrial Average (DJI) rose 66.37 points, or 0.5%, to 13,280. The S&P 500 (SPX) climbed 10.68 points, or 0.8%, to 1,408.59, with energy the strongest performer of its 10 industry sectors. Sears Holding Corp. (SHLD) rallied 13% after the retailer said it expects to report a first-quarter operating profit later this month. The Nasdaq Composite (RIXF) rose 23.51 points, or 0.8%, to 3,069.87. For every stock falling more than three gained on the New York Stock Exchange, where 142 million shares traded as of 10:20 a.m. Eastern.

Stock News for Sears (SHLD)
DateTimeHeadline
03/30/201506:57:33Sears Holdings: Don't Undervalue The REIT Plans
03/30/201505:15:48Comparing America's Next 3 Department Stores Companies
03/28/201511:32:01What Sam Walton Would Say About Walmart's New Minimum Wage
03/26/201508:26:47Sears Holdings: Why Its Real Estate Cannot Be Compared To Macerich...
03/24/201522:52:12Correction to Companies Split Off Real-Estate Assets Article
03/24/201517:57:08Statement of Changes in Beneficial Ownership (4)
03/24/201517:50:20Companies Split Off Real-Estate Assets
03/24/201517:06:38Initial Statement of Beneficial Ownership (3)
03/24/201517:06:38Initial Statement of Beneficial Ownership (3)
03/24/201510:30:09Sears Holdings Risk Rises as Vendors Get Nervous ... Again
03/23/201507:48:00The Craftsman MAKEcation(SM) Event Is Back And This Time It's...
03/21/201508:00:02Why This Well-Known Retailer Isn't Built to Last
03/20/201519:08:22Sears' REIT Proceeds Should Buy It 2 More Years Of Life
03/20/201508:02:02Yet Another Ominous Development for Sears Holding Corp.
03/19/201516:48:34Statement of Changes in Beneficial Ownership (4)
03/19/201509:31:58Sears Holdings +3.7% after blog post tips REIT closing date
03/17/201516:43:22Securities Registration: Employee Benefit Plan (s-8)
03/17/201516:33:51Additional Proxy Soliciting Materials (definitive) (defa14a)
03/17/201516:26:55Proxy Statement (definitive) (def 14a)
03/16/201517:12:13Statement of Changes in Beneficial Ownership (4)

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