Fly Intel: Wall Street's Top Stories For Monday, April 29th

The S&P rose to a new record high as investors braced for another week jammed full of earnings reports accompanied by some critical economic data from the U.S. and China. In addition, the Fed is getting set to meet again to discuss interest rates, though it is universally expected that the central bank will stay the course in terms of rates.

ECONOMIC EVENTS: In the U.S., personal income rose 0.1% in March after a 0.2% gain in February. Personal consumption expenditures increased 0.9% in March following a 0.1% February gain. The Dallas Fed manufacturing index fell 4.9 points to 2.0 in April, which was weaker than expected.

TOP NEWS: AMC Theaters (AMC) shares rose fractionally after the film exhibitor confirmed it set a new single-day U.S. attendance record on Saturday amid the record-breaking opening weekend of Disney's (DIS) "Avengers: Endgame." Disney shares, which were up in pre-market trading after "Endgame" smashed numerous box office records with its $1.2B worldwide launch and North American opening weekend of $350M, closed up fractionally.

Boeing (BA) was in focus after the aircraft manufacturer held its annual meeting, during which CEO Dennis Muilenburg spoke publicly about the recent grounding of the 737 MAX and held a question and answer session. Asked if he considered resigning, Muilenburg said he is "focused on safety" and his "clear intent" is to continue to lead the company, adding that he "deeply" regrets what happened in the two fatal accidents involving the MAX. Additionally, a Wall Street Journal report said the planemaker did not tell Southwest Airlines (LUV), the largest MAX customer, when the airline began flying 737 MAX jets in 2017 that a standard safety feature, found on earlier models and designed to warn pilots about malfunctioning sensors, had been deactivated. Boeing later issued a statement saying it didn't intentionally or otherwise deactivate the disagree alert on the 737 MAX.

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