03:42 PM EDT, 08/04/2025 (MT Newswires) -- US benchmark equity indexes are on track to close higher on Monday, even after new orders for US factory goods fell in June due to a decline in transportation orders.

The Dow Jones Industrial Average was up 1.3% to 44,168.02, the S&P 500 increased 1.4% to 6,323.88. Nasdaq Composite gained 1.7% to 21,009.62. Among sectors, communications led the gainers while energy was the lone decliner.

IDEXX Laboratories ( IDXX ) shares rose 27%, the top gainer on the S&P. The company lifted its full-year outlook and posted Q2 results above market expectations.

Ingersoll Rand ( IR ) shares gained 5.1%, the fourth-biggest increase on S&P, after the acquisition of Dave Barry Plastics, a manufacturer of plastic products for pharmaceutical, biopharma and medical device companies, for an undisclosed price.

On Semiconductor (ON) shares tumbled 16%, the steepest decline on the S&P, after the company's Q2 non-GAAP earnings and revenue declined.

The 10-year US Treasury yield fell 2.1 basis points to 4.20%, while the two-year rate was unchanged at 3.70%.

September West Texas Intermediate crude oil dropped 1.7% to $66.17 a barrel.