Construction spending in the US rose by 0.4% month-over-month in April 2026US markets end higher on Monday – Latest News
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02 Jun 2026
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U.S. markets ended higher on Monday, as investors eyed US-Iran peace talks and the debut of Nvidia’s (NVDA) new laptop chip. Traders took support with a report released by the Commerce Department showed construction spending in the US rose by 0.4% month-over-month in April 2026, following a revised 0.2% increase in the prior month and better than the expected 0.2% rise. This marked the second consecutive monthly increase. Private-sector construction rose 0.4%, supported by a 0.8% increase in residential activity, as gains in single-family projects (+1.4%) offset a decline in multi-family construction (-0.3%). Spending on non-residential structures like offices and factories fell by 0.2%.Â
Some support also came as a report released by the Institute for Supply Management (ISM) said manufacturing activity in the U.S. expanded for the fifth consecutive month in May. The ISM Manufacturing PMI rose to 54 in May 2026 from 52.7 in each of the previous two months and beating forecasts of 53. The reading pointed to the strongest expansion in the factory sector since May 2022, with faster growth seen for new orders (56.8 vs 54.1), production (54.3 vs 53.4) and backlog of orders (52.2 vs 51.4).Â
Dow Jones Industrial Average gained 46.42 points or 0.09 percent to 51,078.88, Nasdaq increased 114.18 points or 0.42 percent to 27,086.80 and S&P 500 rose 19.9 points or 0.26 percent to 7,599.96. Â
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