Stocks Gain Ground Before Independence Day Break: EV Sector Leads Charge With Solid Deliveries

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The U.S. stock market moved slightly higher on Monday ahead of the Independence Day holiday, in a shortened session marked by light trading volumes. The second half of the year has started off with a lower-than-expected ISM manufacturing PMI, which contracted to the lowest level in over three years. On the plus side EV makers rallied strongly as Tesla Inc. (NASDAQ:TSLA) saw its June deliveries growing 83% year-on-year to 466,140 vehicles, surpassing expectation of 445,000 units. Within the EV space, shares of Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group Inc. (NASDAQ:LCID) soared 14% a…

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