Wall Street began the new month in a better mood than the erratic final week of May, with the Dow Jones blue-chip index and S&P 500 reaching positive territory.

The release of the Fed’s preferred PCE inflation index was much as anticipated, with the core PCE’s six-month annualized growth rate increasing to 3.2%.

However, the report revealed a decline in consumer spending and manufacturing company activity in May’s Chicago PMI index.