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NYSE glitch triggers trading halts

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US manufacturing falls for second straight month

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Nvidia ( NVDA ) gains on next-generation AI chip platform

expectations

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GameStop ( GME ) soars after Keith Gill's Reddit post

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Indexes mixed: Dow down 0.30%, S&P up 0.11%, Nasdaq up

0.56%

(Updates to 4:30 PM ET)

By Chibuike Oguh

NEW YORK, June 3 (Reuters) - S&P 500 and the Nasdaq

edged higher in a choppy session on Monday amid soft

manufacturing sector data and as a glitch on the NYSE briefly

caused trading halts in dozens of equities.

A glitch at the New York Stock Exchange had triggered

massive swings in the shares of Berkshire Hathaway ( BRK/A ) and

Barrick Gold. Trading in at least 60 NYSE-listed stocks

were halted due to the volatility, before the bourse fixed the

technical issue and activity resumed.

Benchmark S&P 500 and the Nasdaq finished higher

after paring earlier losses on the sesson, while the Dow lost

ground. Technology stocks were the biggest gainers,

while energy equities were the biggest drag.

Markets had weighed data showing U.S. manufacturing activity

had slowed for the second straight month, raising concerns of

weakening economic growth.

"It's one of those days where people are waiting for the

next catalyst with a choppy move after earnings," said Keith

Lerner, co-chief investment officer at Truist Advisory Services

in Atlanta.

"There's bit of a tug of war between the market seeing

weakening data and the expectation that the Fed may cut rates,"

Lerner added.

Traders see a 59% chance that the Fed will begin cutting

rates in September, up from about 53% before the ISM data was

released, according to the CME's FedWatch tool. Benchmark U.S.

10-year note yields fell to a two-week low following

the soft manufacturing data.

The Dow Jones Industrial Average fell 115.29 points,

or 0.30%, to 38,571.03, the S&P 500 gained 5.89 points,

or 0.11%, to 5,283.40 and the Nasdaq Composite gained

93.66 points, or 0.56%, to 16,828.67.

Nvidia ( NVDA ) rose 4.9% after CEO Jensen Huang revealed

that the company's next-generation AI chip platform would be

rolled out in 2026.

Shares of other megacaps, including Apple ( AAPL ), Amazon ( AMZN )

, Alphabet, and Meta closed higher.

Microsoft ( MSFT ) and Tesla finished lower.

GameStop ( GME ) soared 21% after a weekend Reddit post from

stocks influencer Keith Gill, also known as "Roaring Kitty",

showed a $116 million bet on the gaming retailer.

Investors will be eyeing a data-packed week that includes

surveys on the services sector, factory orders and Friday's

closely watched nonfarm payrolls report, which could provide

clues to the Fed's likely course of action with regards to

rates.

Advancing issues outnumbered decliners by a 1.03-to-1 ratio

on the NYSE. On the Nasdaq, 2,146 stocks rose and 2,171 fell as

declining issues outnumbered advancers by a 1.01-to-1 ratio.

The S&P 500 posted 25 new 52-week highs and 3 new lows while

the Nasdaq Composite recorded 68 new highs and 101 new lows.

Total volume of shares traded across U.S. exchanges was

about 11.5 billion shares, compared with the 12.6 billion

average over the last 20 trading days.