US open: Mixed start to H2 trading

(Sharecast News) - Wall Street stocks were moving both ways early on Monday as the second half of the trading year got off to a mixed start. As of 1515 BST, the Dow Jones Industrial Average was up 0.21% at 39,199.70, while the S&P 500 lost 0.23% to 5,448.00 and the Nasdaq Composite came out the gate 0.41% weaker at 17,662.43.

The Dow opened 80.84 points higher on Monday, easily reversing losses recorded in the previous session.

On Monday's macro slate, S&P Global's June manufacturing PMI was revised slightly lower on Monday, dropping from a preliminary reading of 51.7 to 51.6, but remained the highest reading seen in three months.

Elsewhere, last month's Institute for Supply Management's manufacturing PMI unexpectedly dropped to 48.5, down from 48.7 in May, short of expectations for a reading of 49.1, and marking a third-straight monthly decline.

Finally, construction spending dipped 0.1% month-on-month in May, according to the Census Bureau, hitting a seasonally adjusted annual rate of $2.14bn. Private spending shrank 0.3%, while public spending rose 0.5%.

In the corporate space, Chewy shares were up roughly 16% in early trade after regulatory paperwork showed that Reddit trader 'Roaring Kitty' had snapped up 9.0m shares in the company, while Spirit Aerosystems traded higher on the back of news that aeronautical giant Boeing would buy back the fuselage maker.

Markets will be closed on Thursday in observance of the Independence Day holiday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Merck & Co. Inc. (MRK) $128.41 3.72% Boeing Co. (BA) $187.25 2.88% JP Morgan Chase & Co. (JPM) $206.29 1.99% Johnson & Johnson (JNJ) $148.57 1.65% Amgen Inc. (AMGN) $317.52 1.62% Goldman Sachs Group Inc. (GS) $458.48 1.36% Verizon Communications Inc. (VZ) $41.77 1.29% Apple Inc. (AAPL) $213.22 1.23% American Express Co. (AXP) $234.29 1.19% Chevron Corp. (CVX) $158.07 1.06%

Dow Jones - Fallers

Caterpillar Inc. (CAT) $329.81 -0.99% Home Depot Inc. (HD) $342.66 -0.46% Unitedhealth Group Inc. (UNH) $507.05 -0.43% Intel Corp. (INTC) $30.86 -0.36% McDonald's Corp. (MCD) $254.35 -0.19% Salesforce.Com Inc. (CRM) $256.71 -0.15% Walt Disney Co. (DIS) $99.21 -0.08% Walgreens Boots Alliance, Inc. (WBA) $12.10 0.00% Dowdupont Inc. (DWDP) $0.00 0.00% Nike Inc. (NKE) $75.57 0.27%

S&P 500 - Risers

Merck & Co. Inc. (MRK) $128.41 3.72% Teleflex Inc. (TFX) $217.93 3.61% Perrigo Company plc (PRGO) $26.60 3.58% Illumina Inc. (ILMN) $108.11 3.57% Boeing Co. (BA) $187.25 2.88% Globe Life Inc. (GL) $84.15 2.27% Leggett & Platt Inc. (LEG) $11.72 2.27% Pfizer Inc. (PFE) $28.58 2.13% Henry Schein Inc. (HSIC) $65.44 2.10% Dollar Tree Inc (DLTR) $108.96 2.05%

S&P 500 - Fallers

CenturyLink Inc. (LUMN) $0.98 -10.80% Carnival Corp. (CCL) $17.77 -5.07% Advanced Micro Devices Inc. (AMD) $155.54 -4.11% Norwegian Cruise Line Holdings Ltd (NCLH) $18.10 -3.65% Foot Locker Inc. (FL) $24.10 -3.29% AutoZone Inc. (AZO) $2,872.23 -3.10% O'Reilly Automotive Inc. (ORLY) $1,025.58 -2.89% Chipotle Mexican Grill Inc. (CMG) $60.90 -2.79% Kohls Corp. (KSS) $22.35 -2.78% Micron Technology Inc. (MU) $128.19 -2.54%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $206.49 4.35% Illumina Inc. (ILMN) $108.11 3.57% Sirius XM Holdings Inc (SIRI) $2.90 2.65% Henry Schein Inc. (HSIC) $65.44 2.10% Dollar Tree Inc (DLTR) $108.96 2.05% Align Technology Inc. (ALGN) $246.33 2.03% DENTSPLY Sirona Inc. (XRAY) $25.40 1.97% Biomarin Pharmaceutical Inc. (BMRN) $83.87 1.87% Biogen Inc (BIIB) $236.02 1.81% Gilead Sciences Inc. (GILD) $69.84 1.79%

Nasdaq 100 - Fallers

Mercadolibre Inc. (MELI) $1,592.47 -3.10% O'Reilly Automotive Inc. (ORLY) $1,025.58 -2.89% Micron Technology Inc. (MU) $128.19 -2.54% Nvidia Corp. (NVDA) $120.68 -2.31% Intuit Inc. (INTU) $645.53 -1.78% eBay Inc. (EBAY) $52.86 -1.60% Autodesk Inc. (ADSK) $243.84 -1.46% Meta Platforms Inc. (META) $497.09 -1.41% Workday, Inc. (WDAY) $220.42 -1.40% KLA-Tencor Corp. (KLAC) $815.45 -1.10%