US open: Stocks rise ahead of factory orders

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LONDON (ShareCast) - US markets opened higher across the board on Tuesday ahead of a report on factory orders, with the S&P 500 nearing record intra-day highs.

Factory orders are expected to show an increase of 2.9% for February, which would mark the largest rise since September, when orders rose 4.5%, and a rebound from January, when orders fell two per cent.

The S&P 500 climbed 0.52%, the Nasdaq 0.7%, and the Dow Jones (DJI: ^DJI - news) 0.51%.

Of interest, the Markit CDX North American Investment Grade Index, which measures US corporate risk, declined 1.5 basis points to 88.5, according to Bloomberg.

Financial stocks were making the strongest gains, boosted by OMX Group, which acquired eSpeed from BGC Partners (NYSE: BGCA - news) for $1.23bn.

Goldman Sachs Group reportedly announced plans to create a new unit that would enable its clients to invest in middle market companies. The stock was said to have been downgraded by Bank of America Corp.

In other news, car manufacturers posted strong sales for March, with Ford Motor (NYSE: F - news) delivering a 5.7% rise and Chrysler Group 5.0%.

Edmunds.com upped its prediction for 2013 light vehicle sales to 15.5m.



S&P 500 - Risers
Humana Inc (NYSE: HUM - news) . (HUM) $81.50 +8.64%
Unitedhealth Group Inc. (UNH) $63.25 +7.26%
DaVita HealthCare Partners Inc (NYSE: DVA - news) (DVA) $127.08 +5.98%
Aetna Inc (NYSE: AET - news) . (AET) $54.72 +4.47%
Urban Outfitters Inc (NasdaqGS: URBN - news) . (URBN) $40.09 +4.37%
Garmin Ltd (NasdaqGS: GRMN - news) . (GRMN) $34.02 +4.36%
CIGNA Corp (NYSE: CI - news) . (CI) $65.65 +4.36%
Actavis Inc (NYSE: ACT - news) (ACT (KOSDAQ: 131400.KQ - news) ) $96.18 +4.02%
WellPoint Inc (NYSE: WLP - news) . (WLP) $69.76 +3.44%
Alexion Pharmaceuticals Inc (NasdaqGS: ALXN - news) . (ALXN) $98.27 +2.79%

S&P 500 - Fallers
NASDAQ OMX Group Inc. (NDAQ) $29.45 -8.00%
Hewlett-Packard Co. (HPQ) $22.02 -5.51%
United States Steel Corp (NYSE: X - news) . (X) $18.18 -2.88%
Newmont Mining Corp (NYSE: NEM - news) . (NEM) $40.37 -2.48%
Adt Corp (ADT) $46.96 -2.16%
Cliffs Natural Resources Inc (NYSE: CLF - news) . (CLF) $18.60 -1.85%
Seagate Technology Plc (STX (KSE: 011810.KS - news) ) $36.06 -1.81%
Southwest Airlines Co (NYSE: LUV - news) . (LUV) $13.02 -1.59%
Denbury Resources Inc (NYSE: DNR - news) . (DNR) $17.92 -1.54%
Western Digital Corp. (WDC) $49.74 -1.31%

Dow Jones I.A - Risers
Unitedhealth Group Inc. (UNH) $63.25 +7.26%
Pfizer Inc (NYSE: PFE - news) . (PFE) $29.19 +1.21%
Merck & Co. Inc (Xetra: A0YD8Q - news) . (MRK) $44.83 +1.08%
Verizon Communications Inc. (VZ) $49.72 +1.01%
Walt Disney Co. (DIS) $57.23 +0.95%
Home Depot Inc. (HD) $70.31 +0.92%
Cisco Systems Inc (NasdaqGS: CSCO - news) . (CSCO) $20.97 +0.67%
Procter & Gamble Co (NYSE: PG - news) . (PG) $78.17 +0.60%
JP Morgan Chase (Other OTC: JFTTL - news) & Co. (JPM) $48.08 +0.52%
Bank of America Corp. (BAC) $12.21 +0.49%

Dow Jones I.A - Fallers
Hewlett-Packard Co. (HPQ) $22.02 -5.51%
Chevron Corp. (CVX) $119.13 -0.40%
Boeing Co (NYSE: BA - news) . (BA) $84.94 -0.36%
Alcoa Inc (NYSE: AA - news) . (AA) $8.36 -0.36%
Caterpillar Inc (NYSE: CAT - news) . (CAT (Taiwan OTC: 4990.TWO - news) ) $85.42 -0.26%
Exxon Mobil Corp. (XOM) $90.65 -0.13%

Nasdaq 100 - Risers
Nuance Communications Inc (NasdaqGS: NUAN - news) . (NUAN) $21.43 +6.19%
Vodafone Group Plc ADS (VOD) $29.83 +5.26%
Garmin Ltd. (GRMN) $34.02 +4.36%
Alexion Pharmaceuticals Inc. (ALXN) $98.27 +2.79%
Monster Beverage Corp (MNST) $48.97 +2.75%
NetApp Inc (NasdaqGS: NTAP - news) . (NTAP) $34.93 +2.55%
Vertex Pharmaceuticals Inc. (VRTX) $55.09 +2.02%
F5 Networks Inc (NasdaqGS: FFIV - news) . (FFIV) $89.63 +1.96%
Micron Technology Inc (NasdaqGS: MU - news) . (MU) $9.56 +1.92%
Activision Blizzard Inc (NasdaqGS: ATVI - news) . (ATVI) $14.70 +1.80%

Nasdaq 100 - Fallers
Seagate Technology Plc (STX) $36.06 -1.81%
Western Digital Corp. (WDC) $49.74 -1.31%
Randgold Resources Ltd. Ads (GOLD) $84.03 -1.20%
Linear Technology Corp. (LLTC) $36.87 -0.38%
Texas Instruments Inc (NasdaqGS: TXN - news) (TXN) $34.89 -0.34%
Broadcom Corp (NasdaqGS: BRCM - news) . (BRCM) $34.17 -0.15%
Dell Inc (NasdaqGS: DELL - news) . (DELL) $14.28 -0.14%
Maxim Integrated Products Inc (NasdaqGS: MXIM - news) . (MXIM) $31.97 -0.03%
Avago Technologies Ltd. (AVGO) $35.33 -0.03%
Altera Corp (NasdaqGS: ALTR - news) . (ALTR) $34.74 -0.03%

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