Midday Report: Dish Networks Sees Mixed Quarter; Congress Leaders Reach Funding Deal

Stocks moved higher to start the week and month after congressional leaders reached a deal to fund the federal government through September. The passing of that bill avoids a shutdown that would have gone into effect at the end of the week. Manufacturing activity declined in April at a faster pace than analysts had anticipated. New orders, production and employment were on the rise, while supplier deliveries and inventories fell. Construction spending showed an unexpected decline in March, likely a result of rough winter weather that hampered outdoor activity. Spending fell in March, scaling back from its best growth in more than a decade a month earlier. Dish Networks (DISH) - Get Report  beat quarterly earnings estimates. The cable company did fall short on revenue, though, as a decline in the number of net pay TV subscribers accelerated from a year earlier.