U.S. stocks end mixed amid upbeat data ahead of Independence Day

Source: Xinhua| 2017-07-04 01:58:22|Editor: huaxia
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NEW YORK, July 3 (Xinhua) -- U.S. stocks closed mixed on Monday, the first trading day of the third quarter, as investors digested a batch of generally upbeat economic data ahead of the Independence Day holiday.

The Dow Jones Industrial Average rose 129.64 points, or 0.61 percent, to 21,479.27. The S&P 500 added 5.60 points, or 0.23 percent, to 2,429.01. The Nasdaq Composite Index lost 30.36 points, or 0.49 percent, to 6,110.06.

The June purchasing managers index came in at 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent and beating market consensus of 55.1 percent, the Institute for Supply Management said Monday.

The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers' Index registered 52.0 in June, down from 52.7 during May.

Meanwhile, U.S. construction spending during May 2017 was estimated at a seasonally adjusted annual rate of 1,230.1 billion U.S. dollars, nearly the same as the revised April estimate, the Commerce Department said Monday.

A renewed decline in tech sector continued to weigh on the market, which made the tech-heavy Nasdaq underperform the other two major indices.

Oil prices were also in focus, which traded higher Monday, after posting a seven-day winning streak Friday as data showed the number of U.S. oil rigs fell for the first time since January.

U.S. stock markets ended trading at 1:00 p.m. (1700 GMT) local time Monday and will be closed Tuesday for the Independence Day holiday. Enditem

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