Indices closed in the green zone on Monday. Brands traded higher on the first day of the new quarter. Apple posted gains following a Raymond James & Associates ratings upgrade to “strong buy” from “outperform.” In merger action, Intuit moved up following news that the business and financial management solutions company will sell a portion of its business to Chicago-based, private equity firm Thoma Bravo for $1.025 billion, pending regulatory review. On another note, U.S. manufacturing activity increased in June. The Institute for Supply Management’s manufacturing index climbed to 50.9 from 49 in May, exceeding the economist expectation of 50.5. Looking ahead, the Labor Department is set to release June employment numbers later this week.
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