Stocks started the day lower and Treasury yields much higher as investors continue to dump government bonds.
The Markit Manufacturing PMI expanded at a slightly slower rate in April.
The ISM Manufacturing PMI expanded at a slower rate, dropping from 57.1 to 55.4 in April. Prices paid and new orders expanded at a slower rate, while employment expanded at a much slower rate.
Construction spending rose +0.1% in March.
A late afternoon rally saved stocks as they closed in the green, while Treasury yields closed higher.
