Wall Street's major indexes rose on Monday as investors chose to look past violent protests across the country over racial inequality and focused more on economic data that bolstered views of a quick post-pandemic recovery.
U.S. manufacturing activity eased off an 11-year low in May, an Institute for Supply Management (ISM) survey showed, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen.
That helped financial stocks, which tend to perform better when the outlook for the economy improves, power ahead, providing the biggest boost to the S&P 500.
The benchmark index's 38% rebound since late March has been underpinned by trillions of dollars in stimulus and hopes that the global economy will