Stocks Ended Slightly Higher amid Economic Data, Earnings

U.S. stocks ended slightly higher on Monday, packed with economic data releases and several major company quarterly reports. The Dow Jones Industrial Average rose 11.06 points, or 0.04%, to 26,554.39. The S&P 500 added 3.15 points, or 0.11%, to 2,943.03. The Nasdaq Composite climbed 15.46 points, or 0.19%, to 8,161.85.

Crude-oil futures ended on a mixed note Monday, with U.S. prices managing to recoup a small portion of last week’s loss, but global benchmark prices failing to hold on to modest gains. West Texas Intermediate crude for June delivery rose 20 cents, or 0.3%, to settle at $63.50 a barrel. June Brent crude fell by 11 cents, or 0.2%, to settle at $72.04 a barrel.

Personal income for farmers fell by the most in three years in the first quarter, as losses to U.S. agriculture mount from President Donald Trump’s trade wars. The Commerce Department on Monday cited the steep decline in farm proprietors’ income as a key factor weighing on the nation’s overall personal income growth in March.

Alphabet (GOOG, GOOGL) missed expectations for first-quarter revenue as Google’s advertising sales came up light. Google’s parent company posted revenues of $29.48 billion, excluding traffic acquisition costs (TAC), for the quarter ending in March.This fell short of expectations for just over $30 billion in revenue excluding TAC, according to Bloomberg estimates.

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