01:13 PM EDT, 07/01/2024 (MT Newswires) -- US equity indexes, crude oil prices and government bond yields surged at midday Monday.

The Nasdaq rose 0.6% to 17,843.2, with the S&P 500 up 0.2% to 5,471.8 and the Dow Jones Industrial Average 0.2% higher at 39,183.4. Real estate, materials, and industrials were the steepest decliners intraday, while technology and consumer discretionary were the biggest gainers.

The US 10-year Treasury yield soared 14.2 basis points to 4.49%, and the two-, five-, and 30-year rates were notably higher as well.

In economic news, the Institute for Supply Management's US manufacturing index fell to 48.5 in June from 48.7 in May, compared with expectations for 49.1 in a survey compiled by Bloomberg. ISM said demand remained weak and output declined.

US construction spending declined 0.1% in May, compared with a 0.2% increase expected in a Bloomberg survey and an upwardly revised 0.3% increase in April.

The S&P Global US manufacturing index for June was downwardly revised to 51.6 from the flash reading of 51.7, compared with expectations for no revision in a survey compiled by Bloomberg.

Meanwhile, West Texas Intermediate crude oil jumped 1.7% to $82.94 a barrel.

In company news, Boeing ( BA ) will acquire Spirit AeroSystems ( SPR ) in an $8.3 billion deal, reversing their 2005 separation, as the troubled aircraft manufacturer continues quality and safety improvement efforts. Boeing ( BA ) shares jumped nearly 3% intraday, among the top performers on the S&P 500. Spirit shares were up nearly 4%.

Chewy (CHWY) shares reversed early morning gains in regular trading Monday after regulatory filing showed that Keith Gill, known as "Roaring Kitty" on social media, has a 6.6% stake in the online pet store. The stock fell 5% after surging 16% in premarket trading.