ISM Manufacturing Halts Four Months of Declines, Rebounds to 50.2

"The U.S. manufacturing sector halted a four-month trend of deterioration and rebounded into growth mode at 50.2 in June, against expectations of a decline to 48.5, according to the ISM manufacturing survey released on Tuesday morning. Despite the headline advance, prices moved up to the highest level since July 1979, at 91.5, and other components were mixed."