Here Are 3 Hot Things to Know About Stocks Right Now

  • The S&P 500 and the Nasdaq closed at record highs again Monday as earnings season continues and a meeting of the Federal Reserve looms later in the week.
  • Walt Disney  (DIS) - Get Walt Disney Company Report shares traded slightly lower as its film - "Avengers: Endgame" - broke a box office record over the weekend with $1.2 billion in ticket sales.
  • Spotify Technologies (SPOT) - Get Spotify Technology SA Report   rose slightly after posting strong first-quarter revenue and seeing premium subscribers top 100 million.

Wall Street Overview

The S&P 500 and the Nasdaq closed at record highs Monday as investors weighed corporate earnings reports and positive inflation data that suggested the Federal Reserve would retain its dovish tilt when it announces its decision on interest rates later in the week.

The core price index for personal consumption expenditures was unchanged in March from February, according to the U.S. Commerce Department's Bureau of Economic Analysis. Economists, on average, had predicted an increase of 0.15% during the month, according to the data provider FactSet.

The S&P 500 advanced 0.11% to 2,943 and the Nasdaq climbed 0.19% to 8,162. Both indexes hit intraday highs Monday after posting record closings on Friday.

The Dow Jones Industrial Average rose 11 points, or 0.04% to 26,554. 

Walt Disney (DIS) - Get Walt Disney Company Report  shares dipped slightly to $139.30, even after a record-setting weekend at the box office for its blockbuster film "Avengers: Endgame," which took in more than $1.2 billion in ticket sales.

TheStreet Recommends

Anadarko Petroleum (APC) - Get Anadarko Petroleum Corporation Report said it intends to resume negotiations to sell itself to Occidental Petroleum  (OXY) - Get Occidental Petroleum Corporation Report . Reuters reported that Anadarko's board decided Occidental's $38 billion cash-and-stock bid could lead to a deal that would be superior to the $33 billion deal it reached earlier in April with Chevron (CVX) - Get Chevron Corporation Report . Shares of Anadarko rose slightly to $72.93, while Occidental dropped 2% to $60.13. Chevron rose moderately to $117.72 a share.

Shares of Boeing  (BA) - Get Boeing Company Report  slipped slightly to $379.05 after the Federal Aviation Commission said it would impose new safety checks on the aerospace giant's 787 series of aircraft.

Separately, reports over the weekend said Boeing didn't tell Southwest Airlines (LUV) - Get Southwest Airlines Co. Report and other carriers when they began flying the troubled 737 MAX jets that a safety feature found on earlier models that warns pilots about malfunctioning sensors had been deactivated. 

CEO Dennis Muilenburg retained his job following tough questioning at the company's annual meeting, Reuters reported. Muilenberg, who is also Boeing's chairman and president, faced calls to strip him of one of those titles. He held his first press conference since the grounding of the planemaker's 737 MAX fleet following deadly accidents in Ethiopia and Indonesia, where he told reporters "my clear intent is to continue to lead on the front of safety, quality and integrity."

Spotify Technologies (SPOT) - Get Spotify Technology SA Report  shares edged lower to $138.14 after the online music streaming company posted stronger-than-expected first-quarter revenue and as premium subscribers topped 100 million.

Anadarko and Walt Disney are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells the stocks? Learn more now.

Boeing is a focus of the Trifecta Stocks team. To find out more about how you can profit from Chris Versace and Bob Long's insights at Trifecta Stocks, click here.