Investing.com - U.S. stocks opened mixed on Monday, as investors remained cautious ahead of the release of U.S. manufacturing data later in the trading session.
During early U.S. trade, the Dow 30 edged up 0.13%, the S&P 500 inched 0.05% higher, while the NASDAQ Composite eased 0.08%.
U.S. equity markets were jittery after data on Friday showed that U.S. consumer spending fell 0.1% in April from a month earlier, missing forecasts for a 0.2% increase. Personal income rose 0.3%, in line with forecasts.
Separately, the final reading of the University of Michigan''s consumer-sentiment index for May came in at 81.9, up slightly from a preliminary reading of 81.8, but falling short of forecasts for 82.5.
Elsewhere, data released over the weekend showed that China’s official manufacturing purchasing managers’ index rose to a five-month high of 50.8 in May, above expectations for 50.6 and up from 50.4 in April.
Boeing (NYSE:BA) shares rose 0.22% amid reports the company is talking to Emirates, the world’s biggest operator of the Airbus A380 superjumbo, about a potential sale of its rival 747-8.
In the financial sector, KKR & Co LP (NYSE:KKR) gained 0.66% after it announced that it is closing its equity hedge fund, only three years after hiring former Goldman Sachs proprietary trader Bob Howard to run it.
On the downside, Google (NASDAQ:GOOGL) tumbled 1.22% after launching an online form on Friday giving European users the possibility to get personal information about themselves removed from search results. The move came after a ruling by the European Union Court of Justice earlier in the month.
The tech giant was also said to be planning to invest more than $1 billion in a series of internet access satellites around the world.
Apple (NASDAQ:AAPL) slipped 0.21% as it was set to hold its annual Worldwide Developers Conference in San Francisco on Monday. The iPhone maker was expected to unveil new innovations such as home control software for the iPad and iPhone and a new version of the iOS operating system.
Other stocks likely to be in focus included Krispy Kreme Doughnuts (NYSE:KKD), scheduled to report quarterly earnings after the closing bell.
Across the Atlantic, European stock markets were higher. The DJ Euro Stoxx 50 added 0.17%, France’s CAC 40 inched up 0.01%, Germany''s DAX rose 0.20%, while Britain''s FTSE 100 gained 0.33%.
During the Asian trading session, Japan’s Nikkei 225 surged 2.07%. Markets in China, Hong Kong and Taiwan remained closed for the Dragon Boat Festival.
Later in the day, the Institute of Supply Management was to publish a report on U.S. manufacturing activity.