US STOCKS-Wall St higher as UPS, transports offset Greece

* UPS shares propel transport sector

* Jobless claims up, NY manufacturing improves

* Indexes up: Dow 0.1 pct, S&P 500 up 0.2, Nasdaq up 0.4

* For up-to-the-minute market news, click [STXNEWS/US]

By Chuck Mikolajczak

NEW YORK, April 15 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) edged higher on
Thursday as a strong profit forecast from United Parcel Service
Inc propelled transportation shares, offsetting worries that
debt-plagued Greece was ready to use an emergency bailout
package.

Economic bellwether UPS (UPS.N: ) climbed 6.1 percent to
$69.49 after the package delivery company said first-quarter
earnings would be much higher than expected and raised its
full-year outlook. For details, see [ID:nN14181364]

“The underpinning for our move higher is in place, meaning
earnings season has begun. It has been solidly positive, with
expectations being met and beat and guidance higher,” said
Peter Kenny, managing director at Knight Equity Markets in
Jersey City, New Jersey.

“With that as the backdrop, the headwinds we face are
Greece, fear of overextension on the run up and this ongoing
sense that we have to pull back.”

The International Monetary Fund said it is sending a team
to Athens for talks about possible IMF assistance under a
multi-year program. The euro dropped broadly as concerns about
Greece’s debt woes resurfaced. [ID:nNAT007366] [ID:nLDE63E1PE]

The Dow Jones industrial average (.DJI: ) added 7.63 points,
or 0.07 percent, to 11,130.74. The Standard & Poor’s 500 Index
(.SPX: ) rose 2.74 points, or 0.23 percent, to 1,213.39. The
Nasdaq Composite Index (.IXIC: ) gained 11.08 points, or 0.44
percent, to 2,515.94.

The Dow Jones Transportation index (.DJT: ) rose 2.3 percent,
powered by UPS. Rival FedEx Corp (FDX.N: ) was up 3.2 percent to
$96.97.

Fellow transport component J.B. Hunt Transport Services Inc
(JBHT.O: ) climbed nearly 4 percent to $38.50 after posting
better-than-expected results. [ID:nSGE63D0EE]

New U.S. jobless claims soared unexpectedly last week due
to applications delayed by the Easter holiday, but a gauge of
manufacturing in New York state rose to a six-month high in
April. [ID:nN15325702]

Factory activity in the U.S. Mid-Atlantic region grew in
April to its highest level since December 2009, the
Philadelphia Federal Reserve Bank said. [ID:nN15226659]

After the closing bell, earnings are due from Google Inc (Read more about Google Stock Analysis)
(GOOG.O: ), Advanced Micro Devices Inc (AMD.N: ) and People’s
United Financial Inc (PBCT.O: ).

Investing

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

US STOCKS-Wall St higher as UPS, transports offset Greece