US stocks moved higher on Monday

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Source: Dukascopy Bank SA
US stocks traded higher on Monday on encouraging manufacturing activity data. Positive news from Spain also boosted US equities. The S&P 500 Index rose 0.27% to end the session at 1,444.49. Seven out of ten sectors included in the index climbed. The top-gainers were health care and consumer goods, adding 0.60% and 0.56%. Aetna, AmerisourceBergen and Cardinal Health advanced 0.53%, 0.72% and 1.36%. Among consumer services providers, Devry and  Wyndham Worldwide gained 5.67% and 0.74%. Meanwhile, Goldman Sachs added 2.80% after Barron's stated that investors are pessimistic on the bank's prospects.  At the same time, utilities dragged the index lower. Ameren and CenterPoint Energy slid 0.52% and 0.70%. Tyco International was the top-loser, plunging 49.34% after it completed merger with Pentair and agreed to pay penalty of USD26.8 million for bribing Saudi Arabia's officials.

 

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