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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)
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11/23/201512:22:00Sears Holdings To Announce Financial Results
11/19/201508:30:023 Trends That Will Change the Face of the Retail Industry
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11/14/201509:34:043 Stocks We're Ready to Sell
11/12/201508:00:00Black Friday Arrives Early For Sears Members
11/09/201513:18:02America's 3 Most Overpaid CEOs
11/09/201506:00:00Kmart Introduces The Giving Hat™
11/07/201509:00:083 Retailers Trying to Steal Back Christmas from Amazon
11/04/201519:08:00XPO Courts Big Shippers With Trucking Appointment
11/04/201517:21:04Statement of Changes in Beneficial Ownership (4)
11/03/201518:35:27Statement of Changes in Beneficial Ownership (4)
11/03/201510:15:00Sears Offers Savings Events Early, Often Throughout Holiday Season

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