S&P, Dow score new record highs amid mixed broader market

Stocks edged higher, recovering from early losses after back-to-back corrections were issued for ISM manufacturing activity; the final reading came in roughly in line with expectations but above the weak initial reading that had sent stocks sliding when reported at 10 a.m.

Outside of the confusion created by the data, June's first session was uneventful, and trading volume remained light; the S&P and Dow each added 0.1%, while the Nasdaq (-0.1%) and Russell 2000 (-0.5%) underperformed throughout the day.

The Dow Transports gained 0.6%, underpinning the industrial sector (+0.4%) and pushing its YTD gain past 10%; techs lagged as Apple fell 0.7% after unveiling a set of software updates for its products and an iOS-based Health Kit app.

Treasury prices fell back, with the 10-year note tumbling 15 ticks to push its yield up to 2.53%.

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