02:31 PM EDT, 07/01/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday as markets weighed two reports showing diverging states of the manufacturing sector for June.

The Nasdaq Composite was up 0.5% at 17,824.3 after midday Monday, while the Dow Jones Industrial Average and the S&P 500 rose 0.1% each to 39,163.3 and 5,467.1, respectively. Among sectors, consumer discretionary and technology paced the gainers, while materials led the decliners.

In economic news, 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.

"US manufacturing activity continued in contraction at the close of the second quarter," said Timothy Fiore, chair of the ISM's manufacturing business survey committee. "Demand was weak again, output declined, and inputs stayed accommodative."

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 14.4 basis points to 4.49% intraday, while the two-year rate added 6.5 basis points to 4.79%.

West Texas Intermediate crude oil rose 2.2% to $83.29 per barrel.

In company news, Tesla (TSLA) shares jumped 7.3%, the top gainer on the S&P 500 and the Nasdaq.

Boeing ( BA ) agreed to acquire Spirit AeroSystems ( SPR ) in an $8.3 billion deal that would reverse their 2005 separation, as the troubled aircraft manufacturer continues its quality and safety improvement efforts. Boeing ( BA ) shares rose 2.5%, among the best performers on the S&P 500 and the Dow, while Spirit AeroSystems ( SPR ) jumped 3.6%.

Sebastian James, the managing director of Walgreens Boots Alliance's ( WBA ) Boots subsidiary, is stepping down after Walgreens failed to engineer a sale of the company, Reuters reported, citing an unnamed source. Walgreens Boots shares fell 3.9%, the second-steepest decline on the Nasdaq.

Gold was little changed at $2,339 per troy ounce, while silver increased 0.1% to $29.59 per ounce.