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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)
10/21/201616:26:01Initial Statement of Beneficial Ownership (3)
10/20/201621:00:00Jakks Pacific Said to Suspend Toy Sales to Kmart
10/18/201608:00:00Alzheimer’s Foundation of America and Kmart® Pharmacy Team Up...
10/14/201609:04:28Current Report Filing (8-k)
10/14/201608:00:00Hallowuuut?! Kmart's Spooktacular Savings have Shoppers Howling...
10/14/201607:40:00Sears Names New Financial Chief
10/14/201606:00:00Sears Holdings Names Jason Hollar Chief Financial Officer
10/12/201608:00:00WallyHome™ Introduces Second Generation Monitoring System With...
10/11/201617:54:21Statement of Changes in Beneficial Ownership (4)
10/11/201608:00:00New Sears Member Bonus Event to Feature First-Ever Shop Your...
10/04/201619:06:47Statement of Changes in Beneficial Ownership (4)
10/04/201614:20:00Sears CEO Says no Plans to Close Kmart
09/28/201606:00:00Uber Partners with Shop Your Way® to Reward Drivers & Riders
09/26/201608:40:00Lands' End CEO Federica Marchionni Steps Down
09/22/201617:35:40Initial Statement of Beneficial Ownership (3)
09/20/201603:03:00Business Watch -- WSJ
09/19/201614:30:00Kmart to Close Another 64 Locations
09/15/201611:35:00The Holidays Are Here and the Shopping Pros Know to Start at...
09/12/201608:00:00Don't Let the Flu Catch You - Kmart® Pharmacy Offers $0 Flu...
09/02/201619:01:42Statement of Changes in Beneficial Ownership (4)

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