NEW YORK, June 2 (Xinhua) -- U.S. stocks ended higher on Monday as investor sentiment was lifted by a batch of encouraging economic data.
The Dow Jones Industrial Average rose 35.77 points, or 0.15 percent, to 24,307.18. The S&P 500 was up 8.34 points, or 0.31 percent, to 2,726.71. The Nasdaq Composite Index increased 57.38 points, or 0.76 percent, to 7,567.69.
The Dow gained after triple-digit loss in early trading with Walgreens Boots Alliance Inc. and Microsoft among the best performers. Shares of the companies rose 1.86 percent and 1.42 percent, respectively, at market closing.
Seven of 11 primary S&P 500 sectors rose, with tech sector leading. The Nasdaq Composite was underpinned by the rallying shares of Micron Technology.
Investors digested a slew of newly released data while fears of potential trade wars between the United States and other major economies would continue to weigh on the market, experts noted.
The U.S. manufacturing expanded in June as the PMI registered 60.2 percent, an increase of 1.5 percent points from the May reading of 58.7 percent, the Institute for Supply Management said on Monday.
The figure indicated strong growth in manufacturing for the 22nd consecutive month, led by continued expansion in new orders, production and employment.
Meanwhile, construction spending was estimated at a seasonally adjusted annual rate of 1,309.5 billion U.S. dollars in May, 0.4 percent above the revised April estimate of 1,304.5 billion dollars, reported the U.S. Commerce Department. Enditem
