US stocks rally stalls Monday

U.S. stock indexes were mixed Monday in contrast to the rally that ended trading last week. The Dow Jones industrial average had added 227 points Friday (2.2 percent) while the broader Standard & Poor's 500 index gained 33 points, or 2.5 percent, its largest one-day leap of the year. On Monday, economic data was mixed. The Markit Manufacturing Purchasing Managers Index, a measure of U.S. manufacturing, dropped from 53 percent to 52.5 percent May to June. Construction spending rose in May from April, the Commerce Department said. But in Europe, the unemployment rate rose to 11.1 percent in May from 11 percent. In early afternoon trading on Wall Street, the DJIA shed 45.82 points, 0.36 percent, to 12,834.27. The S&P 500 lost 1.89 points, 0.09 percent, to 1,360.27. The Nasdaq composite index gained 2.61 points, 0.09 percent, to 2,937.66. The 10-year benchmark treasury note rose 24/32 to yield 1.571 percent. The euro fell to $1.2591 from Friday's $1.2661. Against the yen, the dollar fell to 79.40 yen from 79.81 yen. In Tokyo, the Nikkei 225 index dropped 0.04 percent, 3.30, to 9,003.48. In London, the FTSE 100 index added 1.25 percent, 69.49, to 5,640.64.