S&P 500 index reached a two-month record high on Tuesday as factory orders advanced more than predicted in May easing fears that country's manufacturing is struggling. US benchmark gained 0.62% or 8.51 points and closed at 1,374.02. Technology and industrial shares posted the biggest gains after data release. Eog Resources rallied 6.75 and Peabody Energy added 5.4%. On downside Bristol-Myers and Home Depot gave up 3.2% and 2.6% respectively. S&P 500 has appreciated nearly 7% month-on-month.