Industrial conglomerate 3M Co MMM.N added 0.5%, while oil giant Chevron Corp CVX.N gained 1.1%. US/ President Joe Biden said the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats in voting to raise it in the two next weeks. Adding to bets on further tightening of monetary policy was recent data, which showed increased consumer spending, accelerated factory activity and elevated inflation growth.