US Equity Indexes Rise in Midday Trading

MT Newswires Live01:52

US equity indexes rose in midday trading on Monday, with consumer staples and consumer discretionary topping the sector charts.

The Nasdaq Composite rose 0.8% to 23,637.1, with the S&P 500 up 0.7% to 6,984.3 and the Dow Jones Industrial Average up by 1% to 49,369.6.

All sectors except energy, utilities, and real estate rose.

In economic news, the Institute for Supply Management's US manufacturing index rose to 52.6 in January from 47.9 in December, compared with expectations for a 48.5 reading in a survey compiled by Bloomberg.

The S&P Global US manufacturing index for January was revised higher to 52.4 from the flash reading of 51.9, compared with expectations for a slight upward revision to 52.0 in a Bloomberg-compiled survey.

US Treasury yields rose, with the 10-year Treasury yield jumping 2.2 basis points to 4.26%. The two-year yield advanced 3.2 basis points to 3.56%.

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