US Close: Stocks rise on higher US and Chinese manufacturing

Sharecast

LONDON (ShareCast) - - Factory activity picks up in US and China
- New weekly jobless claims rise
- Hewlett Packard (NYSE: HPQ - news) 's revenue falls for 11th quarter in a row

Dow Jones: +0.06%
Nasdaq: +0.55%
S&P 500: +0.21%

Wall Street advanced on Thursday as higher US manufacturing activity and upbeat housing market news eclipsed news of a rise in weekly jobless claims.

The Dow Jones Industrial Average finished 10.02 points or 0.06% higher as more US home resales in April and housing supplies at their highest level since August 2012 sparked hopes of a housing market boost.

Existing home sales in April came to 4.65m, up from 4.59m in the previous month, but under the 4.69m consensus.

New claims for unemployment benefits rose above expectations in the week ended May 17th but stayed near 7-year lows.

Housing stocks rose and the Nasdaq advanced on a rally in biotech shares.

Separate data showed US manufacturing activity increased in May. Markit's preliminary purchasing managers' index (PMI) climbed to 56.2 this month from 55.4 in April, beating analysts' estimates of 55.5. A reading above 50 signals expansion.

In China, the HSBC manufacturing PMI rose to 49.7 points in May, a five-month high, from 48.1 in April, topping a forecast of 48.3.

HP, Twitter (NYSE: TWTR - news) , Goldman

Hewlett Packard fell after posting a worse-than-expected 1% fall in second quarter revenue in a shrinking PC market and announced plans to cut 16,000 more jobs. It had originally planned to shed a total of 34,000 jobs.

Twitter declined following news its directors and top executives are holding onto shares they own.

Goldman Sachs (NYSE: GS-PB - news) rallied after agreeing to sell its New York Stock Exchange market-making unit to IMC Financial Markets.

Chinese online retailer JD.com raised $1.78bn in its US initial public offering after pricing the shares above the marketed range.

The US 10-year yield rose 0.02 points or 0.78% to 2.55%.

PW

S&P 500 - Risers
Salesforce.Com Inc. (CRM) $53.27 +6.14%
Vertex Pharmaceuticals Inc. (VRTX) $71.18 +6.00%
NetApp Inc (NasdaqGS: NTAP - news) . (NTAP) $36.16 +4.84%
Dollar Tree Inc (NasdaqGS: DLTR - news) (DLTR) $53.31 +4.28%
CME Group Inc (NasdaqGS: CME - news) . (CME) $71.34 +4.12%
Best Buy Co. Inc (NYSE: BBY - news) . (BBY) $26.22 +3.43%
Biogen Idec Inc (NasdaqGS: BIIB - news) . (BIIB) $299.69 +3.42%
First Solar Inc (Xetra: F3A.DE - news) . (FSLR) $60.63 +3.41%
E*TRADE Financial Corp. (ETFC) $20.44 +3.39%
Facebook Inc (NasdaqGS: FB - news) . (FB) $60.52 +3.35%

S&P 500 - Fallers
Lorillard Inc (NYSE: LO - news) . (LO) $59.51 -4.98%
Patterson Companies Inc (NasdaqGS: PDCO - news) . (PDCO) $39.23 -4.39%
Edwards Lifesciences Corp (NYSE: EW - news) . (EW) $81.40 -4.21%
Peabody Energy Corp (NYSE: BTU - news) . (BTU) $17.50 -3.05%
CareFusion Corp. (CFN) $41.98 -2.35%
Hewlett-Packard Co. (HPQ) $31.78 -2.28%
Target Corp (NYSE: TGT - news) . (TGT) $55.99 -2.12%
Reynolds American Inc (NYSE: RAI - news) . (RAI) $58.53 -2.07%
TJX Companies Inc. (TJX) $55.47 -2.00%
Range Resources Corp. (RRC) $88.91 -1.95%

Dow Jones I.A - Risers
Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $24.38 +1.08%
Nike Inc (NYSE: NKE - news) . (NKE) $74.88 +0.90%
Home Depot Inc. (HD) $78.78 +0.90%
Unitedhealth Group Inc. (UNH) $78.34 +0.80%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $54.55 +0.79%
Boeing Co (NYSE: BA - news) . (BA) $131.84 +0.67%
Verizon Communications Inc (LSE: VZC.L - news) . (VZ) $49.45 +0.57%
E.I. du Pont de Nemours and Co. (DD) $67.51 +0.43%
American Express Co. (AXP) $88.15 +0.33%
Goldman Sachs Group Inc. (GS (KSE: 078935.KS - news) ) $159.85 +0.31%

Dow Jones I.A - Fallers
Coca-Cola Co. (KO) $40.58 -0.71%
Microsoft Corp. (MSFT) $40.10 -0.62%
Exxon Mobil Corp. (XOM) $101.50 -0.52%
Chevron Corp. (CVX) $123.63 -0.43%
International Business Machines Corp. (IBM (NYSE: IBM - news) ) $185.68 -0.38%
Wal-Mart Stores Inc. (WMT) $75.39 -0.36%
Visa Inc (NYSE: V - news) . (V) $209.37 -0.35%
3M Co. (MMM) $140.31 -0.25%
Intel Corp. (INTC) $26.15 -0.19%
Johnson & Johnson (NYSE: JNJ - news) (JNJ) $100.96 -0.18%

Nasdaq 100 - Risers
Vertex Pharmaceuticals Inc. (VRTX) $71.18 +6.00%
NetApp Inc. (NTAP) $36.16 +4.84%
Dollar Tree Inc (DLTR) $53.31 +4.28%
Biogen Idec Inc. (BIIB) $299.69 +3.42%
Facebook Inc. (FB) $60.52 +3.35%
TripAdvisor Inc (NasdaqGS: TRIP - news) . (TRIP) $91.01 +3.23%
Baidu Inc (Xetra: B1C.DE - news) . (BIDU) $163.53 +3.23%
Sirius XM Holdings Inc (SIRI) $3.27 +3.15%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $160.48 +2.97%
Catamaran Corp (CTRX) $44.30 +2.90%

Nasdaq 100 - Fallers
Activision Blizzard Inc (NasdaqGS: ATVI - news) . (ATVI) $20.53 -1.44%
Mondelez International Inc (Stuttgart: KTF.SG - news) . (MDLZ) $37.29 -0.90%
eBay Inc. (EBAY (NasdaqGS: EBAY - news) ) $51.50 -0.89%
Microsoft Corp. (MSFT) $40.10 -0.62%
Monster Beverage Corp (MNST) $69.36 -0.60%
Tractor Supply Company (NasdaqGS: TSCO - news) (TSCO) $63.59 -0.59%
Verisk Analytics Inc (NasdaqGS: VRSK - news) . (VRSK) $60.63 -0.59%
Charter Communications Inc (NasdaqGS: CHTR - news) . (CHTR) $138.17 -0.57%
Broadcom Corp (NasdaqGS: BRCM - news) . (BRCM) $30.15 -0.50%
Analog Devices Inc (NasdaqGS: ADI - news) . (ADI) $51.74 -0.46%

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