04:40 PM EDT, 08/04/2025 (MT Newswires) -- US benchmark equity indexes closed higher on Monday, following a decline in new orders for US factory goods in June due to a drop in transportation orders.

The Nasdaq was up 2% to 21,053.58 while the S&P 500 increased 1.5% to 6,329.94. The Dow Jones Industrial Average rose 1.3% to 44,173.64. Among sectors, communication services led the gainers while energy was the lone decliner.

US Treasury yields were mostly lower, with the 10-year rate decreasing 2.8 basis points to 4.19% and the two-year rate shedding 2.7 basis points to 3.68%.

September West Texas Intermediate crude oil fell 1.8% to $66.12 a barrel on Monday.

In economic news, new orders for US factory goods fell by 4.8% in June, as expected in a Bloomberg-compiled survey and following a revised 8.3% increase in May. Excluding a 22.4% decline in transportation orders, new orders would have been up 0.4% after a 0.3% gain in May, compared with expectations for a 0.2% gain.

In company news, IDEXX Laboratories ( IDXX ) was the top gainer on the S&P 500, up 27%. The animal diagnostics and healthcare company lifted its full-year outlook and posted second-quarter results above market expectations.

Ingersoll Rand ( IR ) shares were up 4.8%, among the top gainers on the S&P 500. The company acquired Dave Barry Plastics, a manufacturer of plastic products for pharmaceutical, biopharma, and medical device companies. Financial terms of the deal were not disclosed.

TransMedics ( TMDX ) shares climbed 6.6% after it said Monday that the US Food and Drug Administration has granted conditional approval for its Investigational Device Exemption, allowing the company to move forward with its OCS heart trial.

On Semiconductor (ON) shares sank 16%, the worst S&P 500 performer, after the company's Q2 non-GAAP earnings and revenue declined.

Gold increased 0.9% to $3,429.40 per troy ounce, and silver was up 1.3% to $37.42 per troy ounce.