US stocks trade mixed as economic data signals continued recovery

• US stocks traded in a narrow range on Tuesday after economic data showed a continued economic recovery from the pandemic.
• ISM Manufacturing data for May is came in at 61.2, slightly above April's reading of 60.7.
• $4.

US stocks traded in a narrow range on Tuesday, with the Dow Jones leading the market higher. The S&P 500 and Nasdaq 100 both finished Tuesday's trading session within 10 basis points of Friday's closing prices.

ISM Manufacturing data for the month of May was 61.2, slightly above April's reading of 60.7, and above analyst expectations of 60.9.

Even with Tuesday's narrow trading range, the S&P 500 and Dow Jones are within striking distance of record highs, as both indexes are less than 1% away from the potential milestone.

Here's where US indexes stood shortly after the 4:00 p.m. ET close on Tuesday:

• $4: 4,202.07, down 0.05%
• $4: 34,575.31, up 0.13% (45.86 points)
• $4: 13,736.48, 0.09%

Oil surged on Tuesday, hitting highs not seen since 2018 after OPEC+ members forecasted growing demand amid a global economic recovery. The oil group is expected to confirm $4 That surge $4 with the sector up as much as 3% in Tuesday trades.

Electric truck startup $4 when it goes public later this year, according to a report from Bloomberg. The company was last valued at $27.6 billion in January.

Reddit meme stocks continued to soar on Tuesday, with movie-theater chain $4 The company raised $230.5 million from the sale of stock to a private investment firm. $4 in Tuesday trades.

Shares of $4 following an upgrade from Citi, which said the stock could jump 50% on demand for electric vehicles in China.

Oil prices were higher. $4 rose 2.4%, to $67.93 per barrel. $4, oil's international benchmark, jumped 1.7%, to $70.50 per barrel.

$4 fell 0.1%, to $1,902 per ounce.