Stocks started the day slightly lower and Treasury yields lower as recession fears are weighing on investors.
The Markit Manufacturing PMI expanded at a slightly faster pace in June to 52.7 from 52.4 last month.
The ISM Manufacturing PMI expanded at a slower pace in June to 53.0 from 56.1 last month. New orders and employment contracted, while prices paid expanded at a slightly slower rate from May.
Construction spending fell -0.1% in May.
Stocks rallied on hopes the Fed will capitulate at its next meeting and Treasury yields fell to close out the first trading day of July.