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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
05/31/201607:02:22Specialized Disclosure Report (sd)
05/27/201603:03:00Sears Eyes New Strategy -- WSJ
05/26/201621:00:00Sears Holdings Losing CFO Robert Schriesheim
05/26/201620:25:00Sears Holdings CFO Robert Schriesheim Steps Down
05/26/201609:52:00U.S. Hot Stocks: Hot Stocks to Watch
05/26/201607:50:00Sears Revenue Declines, Eyes Deals for Key Brands
05/26/201606:11:34Amended Quarterly Report (10-q/a)
05/26/201606:11:34Quarterly Report (10-q)
05/26/201606:09:43Current Report Filing (8-k)
05/26/201606:00:00Sears Holdings Reports First Quarter 2016 Results And Other Corporate...
05/23/201616:04:00Sears Holdings To Hold Fiscal 2016 First Quarter Financial Results...
05/19/201617:40:03Initial Statement of Beneficial Ownership (3)
05/19/201617:39:08Initial Statement of Beneficial Ownership (3)
05/12/201616:53:21Current Report Filing (8-k)
05/12/201616:50:00Kohl's Shows Effects of Retail Slump
05/12/201616:15:00Sears Holdings To Announce Financial Results
05/12/201608:00:00Sears Brings Powerful Digital Innovation To Appliance Shopping...
05/10/201610:34:00Sears Launches Ninth Annual Heroes at Home Program, Renovating...
05/03/201618:35:54Statement of Changes in Beneficial Ownership (4)
05/03/201608:00:00Sears' In-Vehicle Pickup Service Perfect Solution for Last-Minute...

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