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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
12/04/201416:57:33MARKET SNAPSHOT: Stocks Retreat From Records As Jobs Report Looms
12/04/201416:09:08MARKET SNAPSHOT: U.S. Stocks On Pace To End Lower After Touching...
12/04/201414:24:09MARKET SNAPSHOT: Stocks Hit Intraday Records Following Fresh...
12/04/201410:45:54MARKET SNAPSHOT: U.S. Stocks Dip After Draghi Signals No Action...
12/04/201409:21:21MARKET SNAPSHOT: U.S. Stocks: Futures Dip As Draghi Signals No...
12/04/201408:21:28MARKET SNAPSHOT: U.S. Stocks: Futures Flat With Retailers, Draghi...
12/04/201408:19:59MARKET SNAPSHOT: U.S. Stocks: Futures Flat With All Eyes On ECB's...
12/04/201407:23:59Sears Loss Widens, But Tops Wall Street Expectations -- Update
12/04/201407:03:56Sears Loss Widens, But Tops Wall Street Expectations
11/28/201415:26:07Wal-Mart, Target Report Strong Thanksgiving Day Traffic--4th...
11/28/201415:22:05Correction to Wal-Mart, Target Thanksgiving Day Traffic Updates
11/28/201414:22:52Wal-Mart, Target Report Strong Thanksgiving Day Traffic--3rd...
11/28/201413:10:47Wal-Mart, Target Report Strong Thanksgiving Day Traffic--2nd...
11/20/201409:23:18MARKET SNAPSHOT: U.S. Stocks: Futures Under Pressure; CPI Flat
11/20/201408:14:32MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Global Data Disappoints;...
11/20/201406:15:55MARKET SNAPSHOT: U.S. Stocks: Futures Fall As Global Data Disappoints;...
11/17/201409:29:24J.P. Morgan, Sears Canada Credit-Card Deal to End Next Year
11/07/201416:46:37MARKET SNAPSHOT: U.S. Stocks End Week Higher; S&P, Dow Hit New...
11/07/201413:34:18MARKET SNAPSHOT: U.S. Stocks Hover Near Record Levels
11/07/201410:14:04MARKET SNAPSHOT: U.S. Stocks Creep Lower After Jobs Data

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