Stocks were mixed on Monday as concerns over a weakening U.S. manufacturing sector clouded investor sentiment to kick off the first trading day of June. The Dow Jones Industrial Average fell over 100 points, while the S&P 500 Index (SPY  ) rose 0.1% and Nasdaq Composite advanced nearly 0.6%.

Here's how the market settled on Monday:

S&P 500 Index (SPY  ): +0.11% or +5.89 points to 5,283.40

Dow Jones Industrial Average (DIA  ): -0.30% or -115.29 points to 38,571.03

Nasdaq Composite Index (QQQ  ): +0.56% or +93.65 points to 16,828.67

Moving Markets:

GameStop (GME  ) shares rallied again on Monday on speculation that Keith Gill, the man behind the Roaring Kitty and DeepF------Value social media accounts that drove the first meme stock rallies in 2021, may have a large position in the video game retailer. The stock jumped more than 70% at market open.

Separately, a technical issue on Monday caused shares of companies including Berkshire Hathaway (BRK.A  ) to be down nearly 100% on the New York Stock Exchange for most of morning trade. The exchange said the issue was due to the price-bands published by the Consolidated Tape Association (CTA), the organization used by major exchanges to provide real-time stock quotes. The NYSE has resolved the issues as of 11:45 a.m. ET.

On the Economic Front:

The ISM Manufacturing Index came in at 48.7 in May, showing a greater-than-expected level of contraction, according to the Institute for Supply Management's (ISM) report on Monday. Readings below the neutral level of 50 indicates contraction.

In the News:

Spotify (SPOT  ) announced Monday it is increasing the price of its premium subscription plans in the United States, marking the second price hike for the music streamer in a year. Individual plan users will pay $11.99 per month, while Duo subscriptions will cost $16.99, the Family plan will cost $19.99. Student subscriptions will remain at $5.99 per month.

In a blogpost, Spotify said the price increases will help the company "continue to invest in and innovate on our product features."

Nvidia (NVDA  ) announced new artificial intelligence chips on Sunday called "Rubin." This new AI chip comes months after the company announced its upcoming "Blackwell" model, which is still in production and expected to ship to customers later this year.

"Today, we're at the cusp of a major shift in computing," CEO Jensen Huang said on Sunday. "With our innovations in AI and accelerated computing, we're pushing the boundaries of what's possible and driving the next wave of technological advancement."

For Tuesday:

Market participants will react to fresh job market data for April. Other economic reports scheduled for release this week include ADP's jobs report for May on Wednesday, followed by the Labor Department's "official" jobs report for May on Friday.