US STOCKS-S&P 500 climbs to record after manufacturing data

martes 1 de abril de 2014 15:03 GYT

* S&P 500 hits intraday record, discretionary names rally

* Ford shares rally after March auto sales

* Medicines Co tumbles after court ruling

* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 1.3 pct (Updates to late afternoon trading)

By Ryan Vlastelica

NEW YORK, April 1 (Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 advancing to an intraday record after positive data on factory activity indicated economic growth was gaining traction after a harsh winter.

Gains were broad, but areas of the market closely tied to the pace of economic growth were among the day's leaders. Consumer discretionary stocks rose 1.2 percent while technology shares were up 1.1 percent.

The PHLX housing sector index rose 1.3 percent and the Nasdaq biotechnology index added 1.7 percent.

The Institute for Supply Management (ISM) said its index of national factory activity rose to 53.7 in March, its second straight monthly acceleration. However, the report was below the median forecast of 54.0.   Continuación...