Wall Street traded mixed Monday as crude prices set new record high over 143 U.S. dollars.
Investors heavily concerned that inflation will force consumers to pare spending and thus hurt economic activity, as consumer spending accounts for more than two-thirds of the U.S. economic activity.
The Chicago Purchasing Managers' report on manufacturing rose to 49.6 for June from 49.1 in May. The reading was better than analysts had expected, though a reading below 50 signals economic contraction.
The Dow Jones average rose 3.50, or 0.03 percent, to 11,350.01.The Standard & Poor's 500 index rose 1.62, or 0.13 percent, to 1,280.00, and the technology-laden Nasdaq composite index fell 22.65,or 1.21 percent, to 2,292.98.
Source:Xinhua
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