Stocks Ended Higher after Mixed Data

U.S. stocks climbed and ended higher on Monday, as better-than-forecast growth in manufacturing overshadowed data showing consumer spending stalled. The Dow Jones Industrial Average gained 29.69 points, or 0.16%, to 18,040.37. The S&P 500 rose 4.34 points, or 0.21%, to 2,111.73. The Nasdaq Composite was up 12.90 points, or 0.25%, to 5,082.93.

Data from ISM showed that the pace of manufacturing growth rose in May.The ISM’s gauge of factories improved to 52.8 last month from 51.5 in April as orders increased at the fastest pace in five months. Readings above 50 indicate expansion.

Personal spending, which measures purchases of everything from home appliances to haircuts, barely inched lower in April, the Commerce Department said Monday. Consumer spending fell by $2.6 billion, a statistically insignificant sum and a disappointment after a stronger March.

PVH Corp. (PVH) the company behind retailers Calvin Klein, Tommy Hilfiger, and others, said Monday it earned $1.37 a share in the first quarter, compared with 42 cents a share a year ago. Adjusted for one-time items, the company earned $1.50 a share, at the high end of its guidance.

Shares of GoPro Inc. (GPRO) jumped Monday following the introduction of a new camera with an LCD touch screen. Part of its entry-level line up, the latest model comes with a built-in touch display and features shot framing and video trimming.