S&P 500 Surges 1%; New York Manufacturing Activity Tumbles In June

U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Monday.

The Dow traded up 0.80% to 42,536.72 while the NASDAQ climbed 1.51% to 19,699.21. The S&P 500 also rose, gaining, 0.97% to 6,034.20.

Check This Out: This Boston Scientific Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Leading and Lagging Sectors

Financial shares jumped by 1.7% on Monday.

In trading on Monday, energy stocks fell by 0.6%.

Top Headline

The New York Empire State Manufacturing Index dipped to a reading of -16 in June compared to May's reading of -9.2, and also down from market estimates of -5.5.

Equities Trading UP
           

Equities Trading DOWN

Commodities

In commodity news, oil traded down 4% to $70.06 while gold traded down 1.2% at $3,413.10.

Silver traded up 0.1% to $36.38 on Monday, while copper rose 0.2% to $4.8245.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.50%, while Spain's IBEX 35 Index rose 1.41%. London's FTSE 100 gained 0.43%, Germany's DAX 40 rose 0.71% and France's CAC 40 climbed 0.92% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei gaining 1.26%, Hong Kong's Hang Seng Index rising 0.70%, China's Shanghai Composite rising 0.35% and India's BSE Sensex climbing 0.84%.

Economics

The New York Empire State Manufacturing Index dipped to a reading of -16 in June compared to May's reading of -9.2, and also down from market estimates of -5.5.

Now Read This:

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.