FOUR-YEAR HIGH: The Dow Jones industrial average added 65.69 points to 13,279.32. That's its highest closing mark since Dec. 28, 2007, during the first month of the Great Recession.
MAY SURPRISE: Manufacturing expanded last month at the strongest pace since June, according to the Institute for Supply Management. Orders, hiring and production all rose.
CHESAPEAKE'S PERKS: Chesapeake Energy Corp. jumped 6 percent after CEO Aubrey McClendon was stripped of his chairman's title. McClendon, Chesapeake's founder, was under fire for taking out more than $1 billion in loans using the company's wells as collateral, among other things.
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