Stocks start June flat despite energy rally, Dow adds 40 points; European markets climb to new records on strong economic data 
U.S. stocks finished Tuesday mostly flat as optimism about the economic reopening met lingering angst about inflation and price pressure. 
The Dow added 45.86 points, or 0.13%, to end the day at 34,575.31 after gaining as many as 300 points shortly after the opening bell in New York. The S&P 500 fell less than 0.1% to 4,202.04 as weakness in technology stocks offset gains made in energy, materials and financials. The S&P 500 is 0.85% below its all-time high. 
The Nasdaq Composite ended the day down nearly 0.1% at 13,736.48 as Microsoft shed 0.9%, Adobe lost 1.7% and Apple slipped 0.26%. 
Meanwhile, aircraft maker Boeing gained 3.1% after one analyst recommended investors discount near-term hurdles for the Dow component and buy the stock while it’s still below where it traded in early 2020. 
Shares of cruise-operators Carnival Corp. and Norwegian Cruise Line Holdings, two other reopening bellwethers, jumped more than 2% apiece. 
West Texas Intermediate oil for July delivery climbed by $1.40, or 2.1%, to settle at $67.72. Its settle represented its highest since 2018. 
Meme stock AMC Entertainment rose even after the movie-theater chain sold $230.5 million in new stock to an investor. The stock gained 22% on Tuesday after doubling last week. 

The pan-European Stoxx 600 provisionally ended the session up 0.8%, having earlier notched a new all-time high. Basic resources added 2.9% to lead gains with almost all sectors and major bourses in positive territory. 
Final IHS Markit manufacturing PMI readings for May, published Tuesday showed activity in the euro zone hitting a record high 63.1, up from 62.9 in April and exceeding an initial flash estimate of 62.8. 
Source: CNBC