12:46 PM EDT, 06/17/2024 (MT Newswires) -- US equity indexes rose, with the S&P 500 and the Nasdaq notching new highs, and government bond yields jumping after midday on Monday.

The Dow Jones Industrial Average rose 0.2% to 38,672.1, the S&P 500 was up 0.4% to 5,455.8, and the Nasdaq Composite traded 0.5% higher at 17,770.4. Industrials and consumer staples led the gainers intraday, while real estate was the steepest decliner.

In economic news, the New York Federal Reserve's Empire State manufacturing index improved to a negative 6 in June from negative 15.6 in May, compared with a negative 11.3 reading expected in a Bloomberg survey. The reading is the first for the manufacturing sector for June, suggesting a slowdown in the pace of contraction.

France's CAC 40 made a cautious rebound of 0.9% at the close on Monday after slumping last week, possibly responding to moderate comments made by Marine Le Pen, leader of the rising National Rally party. Le Pen's party appears to be gaining strength, indicating a possible change in government, catalyzing investor sentiment.

The US 10-year yield jumped 7.2 basis points to 4.29%, and the two-year rate advanced 6.8 basis points to 4.75%.

In company news, Autodesk ( ADSK ) shareholder Starboard Value said Monday that it plans to sue Autodesk ( ADSK ) and its board for allegedly failing to disclose material accounting and disclosure issues.

Starboard is seeking to leverage a now-completed internal investigation that resulted in no financial restatement as a pretext for re-opening the advance notice period, a statement from Autodesk ( ADSK ) said on Monday. Autodesk ( ADSK ) shares rose 6% intraday, the top performer on the S&P 500 and the Nasdaq.

West Texas Intermediate crude oil jumped 1.5% to $79.67 a barrel.

Gold fell 0.8% to $2,329.11 an ounce, and silver was down 0.5% to $29.32.