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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
07/06/201509:00:09Seritage Raises $1.6 Billion, to Begin Trading After Spinoff...
07/06/201507:00:00Sears Holding Corporation Announces Expiration And Over-Subscription...
07/02/201508:50:04Barnes & Noble Names Leaders of Separated Businesses
06/30/201509:40:07Pier 1 Names Jeffrey Boyer CFO
06/29/201517:08:29Amended Statement of Beneficial Ownership (sc 13d/a)
06/29/201514:31:39Annual Report of Employee Stock Plans (11-k)
06/29/201514:22:40Annual Report of Employee Stock Plans (11-k)
06/25/201515:00:00Sears Unveils Connected Solutions Flagship And Is Expanding Assortment...
06/23/201514:50:42EBay Bans Sale of Confederate Merchandise
06/23/201508:10:21Darden to Spin Off Some Real Estate Assets
06/18/201517:08:55Statement of Changes in Beneficial Ownership (4)
06/17/201517:43:59Statement of Changes in Beneficial Ownership (4)
06/16/201508:35:07Amended Statement of Beneficial Ownership (sc 13d/a)
06/16/201508:32:16Statement of Changes in Beneficial Ownership (4)
06/15/201516:23:05Statement of Changes in Beneficial Ownership (4)
06/10/201519:40:03Sears' Loss Slims but It's Still a Sinking Ship
06/10/201517:45:32Statement of Changes in Beneficial Ownership (4)
06/09/201518:32:02Is Sears Going Bankrupt?
06/09/201510:22:19Current Report Filing (8-k)
06/09/201509:37:00Sears Holdings Announces Commencement Of Seritage Growth Properties...

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