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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
09/22/201617:35:40Initial Statement of Beneficial Ownership (3)
09/20/201603:03:00Business Watch -- WSJ
09/19/201614:30:00Kmart to Close Another 64 Locations
09/15/201611:35:00The Holidays Are Here and the Shopping Pros Know to Start at...
09/12/201608:00:00Don't Let the Flu Catch You - Kmart® Pharmacy Offers $0 Flu...
09/02/201619:01:42Statement of Changes in Beneficial Ownership (4)
09/02/201617:01:47Amended Statement of Beneficial Ownership (sc 13d/a)
09/02/201616:10:57Current Report Filing (8-k)
09/01/201608:10:00Lands' End Swings to a Loss as Comparable Sales Fall
08/30/201612:30:00Kmart Unveils 'A Whole Lotta Awesome' At Des Plaines Store
08/30/201610:00:00Sears to Begin Selling Paint in Stores Again
08/30/201609:40:00Sears to Begin Selling Paint in Stores Again
08/30/201608:00:00Sears Introduces Craftsman® Brand Paint; Brings Back The Iconic...
08/26/201617:18:25Amended Statement of Beneficial Ownership (sc 13d/a)
08/25/201609:45:00U.S. Hot Stocks: Hot Stocks to Watch
08/25/201608:00:00Sears Posts Loss as Revenue Slides
08/25/201606:10:06Quarterly Report (10-q)
08/25/201606:05:46Current Report Filing (8-k)
08/25/201606:00:00Sears Holdings Reports Second Quarter 2016 Results
08/23/201606:00:00Sears to Launch "Showcase" Collection of International Apparel...

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