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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
07/26/201610:28:00Sears Launches New Denim Lines, Sends Kids Back To School in...
07/19/201608:00:00Ready, Set, Go: The Race to Back-to-School is on at Kmart
07/18/201617:06:00Starbucks Widens Workers' Health-Insurance Options -- Update
07/18/201615:50:44Confidential Treatment Order (ct Order)
07/15/201608:00:00Kmart Alley-Oops to Risewear™, Launches New Sport Shoe and A...
07/14/201616:30:00Sealy and Sears Surprise Select Group of New Homeowners with...
07/12/201611:24:00Correction to Mall Owners Article
07/12/201600:01:00Kmart Donates $250,000 to March of Dimes for Zika Prevention
07/11/201603:03:00Malls Push Out Department Stores -- WSJ
07/10/201622:35:00Mall Owners Push Out Department Stores
07/07/201608:00:00New Swag for Summer: Kmart's "The Real Deal" Features a BLOWOUT...
07/05/201619:01:47Statement of Changes in Beneficial Ownership (4)
06/28/201615:05:10Annual Report of Employee Stock Plans (11-k)
06/28/201615:02:44Annual Report of Employee Stock Plans (11-k)
06/27/201616:39:10Statement of Changes in Beneficial Ownership (4)
06/22/201608:00:00Kmart Offers Sparkling Deals for Fourth of July
06/21/201607:30:00How These Services' Stocks are Performing? - Rite Aid, Walgreens...
06/15/201616:47:35Statement of Changes in Beneficial Ownership (4)
06/15/201616:40:59Amended Statement of Beneficial Ownership (sc 13d/a)
06/14/201617:15:03Statement of Changes in Beneficial Ownership (4)

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