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.

Meanwhile, Spotify (SPOT) reported that it now has 100M Premium users and also announced that its losses narrowed in the first quarter.

In M&A news, Anadarko Petroleum (APC) announced that it intends to resume negotiations with Occidental Petroleum (OXY) in response to Occidental's acquisition proposal. Anadarko's board of directors has unanimously determined that the Occidental proposal could reasonably be expected to result in a "superior proposal" to the company's existing merger agreement with Chevron (CVX), the company said. Later, the Financial Times reported that the U.S. SEC has obtained an asset freeze against alleged insider traders who bought call options in Anadarko Petroleum before its $50B deal to be acquired by Chevron.

Additionally, in response to Amazon (AMZN) announcing last Thursday that it plans to spend $800M in the second quarter to move to one-day delivery for Prime customers, Walmart's (WMT) official Twitter account tweeted the following Friday night: "One-day free shipping...without a membership fee. Now THAT would be groundbreaking. Stay tuned."

MAJOR MOVERS: Among the noteworthy gainers was Roan Resources (ROAN), which rose 33.5% after stating that it formed a committee after receiving "multiple unsolicited indications of interest." Also higher was Changyou.com (CYOU), which gained 21.2% after announcing a special cash dividend of $9.40 per ADS.

Among the notable losers was Momo (MOMO), which slid 6.8% after announcing that certain mobile app stores in China have removed its Tantan mobile app on direction of governmental authorities in China. Also lower was Veoneer (VNE), which fell 16.9% after reporting quarterly results.

INDEXES: The Dow rose 11.06, or 0.04%, to 26,554.39, the Nasdaq gained 15.46, or 0.19%, to 8,161.85, and the S&P 500 advanced 3.15, or 0.11%, to 2,943.03.