(Reuters) – The New York Stock Exchange opened higher on Monday, as markets awaited the publication of new indicators, including the ISM manufacturing index and employment figures, to better assess the next decisions of the Federal Reserve (Fed).
In early trading, the Dow Jones index gained 90.35 points, or 0.23%, to 39,209.21 points, and the broader Standard & Poor’s 500 rose 0.23% to 5,472.93 points.
The Nasdaq Composite gained 0.21%, or 36.98 points, to 17,769.59 points.
The New York Stock Exchange started the week in the green and looking ahead to upcoming economic indicators, after ending down on Friday following the release of PCE inflation figures and in a tense political context following the presidential debate.
The ISM manufacturing index for June is due at 1400 GMT on Monday, while the monthly employment report for the same month is due on Friday.
Both will be closely watched as investors continue to examine the resilience of the U.S. economy and signals of a slowdown in prices in line with the U.S. central bank’s goals.
The personal consumption expenditures (PCE) price index, the Fed’s preferred measure of inflation, was unchanged in May, according to data released Friday.
In terms of values, Spirit AeroSystems rose by 3.56% after Boeing (+2.9%) announced on Monday the acquisition of the group for a value of 4.7 billion dollars.
Artificial intelligence chipmaker Nvidia fell 1.7% after volatile trading last week amid concerns over technology stocks.
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(Written by Diana Mandiá, edited by Kate Entringer)
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