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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
02/10/201617:28:38Statement of Changes in Beneficial Ownership (4)
02/10/201611:43:00Kmart Collaborates with Dubsmash to Show How Love Rocks This...
02/09/201609:36:00U.S. Hot Stocks: Hot Stocks to Watch
02/09/201607:40:00Sears Holdings Warns on Fourth-Quarter Sales
02/09/201606:09:54Current Report Filing (8-k)
02/09/201606:00:00Sears Holdings Provides Fourth Quarter Financial Update
02/04/201617:17:31Amended Statement of Beneficial Ownership (sc 13d/a)
02/03/201616:03:21Current Report Filing (8-k)
02/02/201616:48:39Statement of Changes in Beneficial Ownership (4)
02/01/201608:00:00The Craftsman® Brand Returns to Motorsports as Title Sponsor...
01/28/201611:30:00Kmart Makes Throwing the Ultimate Game Party for the Ultimate...
01/27/201617:22:23Statement of Changes in Beneficial Ownership (4)
01/22/201616:36:45Statement of Changes in Beneficial Ownership (4)
01/20/201609:00:00Kmart Launches Pharmacy Savings Plus Program Helping Shoppers...
01/13/201616:54:44Statement of Changes in Beneficial Ownership (4)
01/10/201619:49:00Kohl's Weighs Next Steps as Woes Mount
01/08/201618:05:11Statement of Changes in Beneficial Ownership (4)
01/08/201607:59:00Kmart Resolves to Help Shoppers 'Fit in the Fun' in 2016
01/07/201620:09:00For Interim CEOs, A Job Full of Pitfalls
01/05/201617:31:23Amended Statement of Beneficial Ownership (sc 13d/a)

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