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Equity Markets Mostly Higher as Traders Analyze Manufacturing Sector Data
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Equity Markets Mostly Higher as Traders Analyze Manufacturing Sector Data
Jul 1, 2024 1:10 PM

03:48 PM EDT, 07/01/2024 (MT Newswires) -- US benchmark equity indexes were mostly higher ahead of Monday's close as markets assessed two reports showing diverging states of the manufacturing sector for June.

The Nasdaq Composite was up 0.7% at 17,849.3, while the S&P 500 rose 0.1% to 5,467.4. The Dow Jones Industrial Average was little changed at 39,130.3. Among sectors, technology paced the gainers, while materials led the decliners.

The Institute for Supply Management's manufacturing purchasing managers' index fell to 48.5 last month from 48.7 in May and was below the Bloomberg-compiled consensus for a 49.1 print.

Separately, S&P Global ( SPGI ) said its manufacturing PMI rose to a three-month high 51.6 in June from 51.3 the month before, just shy of the 51.7 consensus estimate.

The US 10-year yield soared 14 basis points to 4.48%, while the two-year rate added five basis points to 4.77%.

West Texas Intermediate crude oil rose 2.5% to $83.54 per barrel.

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