Wall Street drifts closer to records as oil prices jump and U.S. manufacturing slumps

Traders William Lawrence, left, and Mark Mueller work on the floor of the New York Stock Exchange, Thursday, May 29, 2025. (AP Photo/Richard Drew) HONG KONG — U.S. stock indexes drifted closer to records, coming off their stellar May. The S&P 500 rose 0.4% Monday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite added 0.7%. Each of the indexes had dropped nearly 1% in the morning following some discouraging updates on U.S. manufacturing. But stocks rallied back as the day progressed, and gains for a few influential Big Tech stocks helped the S&P 500 to rise…