Markets

Stocks Rebound, Close Mixed After Manufacturing Index Revisions

Stocks recovered early gains and touched record highs after the Institute for Supply Management corrected its monthly index to show a modest gain from April instead of a contraction in manufacturing. The group twice issued corrections Monday, first pointing to a software glitch and then detailing seasonal-adjustment issues. But after touching the new high, equities flat-lined into the close leaving the Dow Industrials and S&P 500 with very modest gains and Nasdaq Composite lower in back-to-back sessions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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