Stocks Gain After Manufacturing Report

U.S. stocks were up Tuesday after a better-than-expected report on U.S. manufacturers, CNBC reported.

February ISM manufacturing came in at 49.6, about 1 point higher than expected and better than 48.2 from the prior month. But anything under 50 percent shows that companies are cutting back instead of expanding and the index has still been under that threshold for five straight months, Marketwatch reported.

Still, the Dow was up 200 points in mid-morning trading, led by Goldman Sachs and IBM. IT and financials led other sectors on the S&P 500.

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