Stocks Closed Higher on Deals, Data

U.S. stocks ended marginally higher on Monday as corporate deals and growth in American manufacturing overshadowed escalating tension in Iraq. The Dow Jones Industrial Average added 5.27 points, or 0.03%, to 16,781.01. The S&P 500 was up 1.62 points, or 0.08%, to 1,937.78. The Nasdaq Composite gained 10.45 points, or 0.24%, to 4,321.11.

U.S. manufacturing output rose in May after in shrinking in April, led by greater production of autos, computers and furniture. The Federal Reserve says factory output rose 0.6 percent in May after dipping 0.1 percent the previous month.

General Motors Co. (GM) issued another batch of recalls Monday affecting about 3.3 million vehilces sold in the United States. The bulk of the recalls involve faulty ignition keys in about 3.16 million cars, model years 2000 through 2014. Buick, Cadillac and Chevrolet brands are included in this latest recall.

The U.S. Supreme Court on Monday ruled that creditors can seek information about Argentina’s non- U.S. assets in a case about bank subpoenas that is part of the decade-long litigation over Argentina’s obligations to bond investors.

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