US Stocks Indexes Mixed

US Stocks Indexes Mixed

NEW YORK (AP) -- U.S. stocks are mostly higher Monday morning after Congress agreed to a deal that will keep the government operating for the rest of the fiscal year, averting a shutdown that could have affected many businesses that work with the government. Technology companies climbing while energy companies slip with the price of oil.

KEEPING SCORE: The Standard & Poor's 500 index picked up 3 points, or 0.1 percent, to 2,387 as of 10:05 a.m. Eastern time. The Dow Jones industrial average lost 8 points to 20,932. The Nasdaq composite rose 21 points, or 0.4 percent, to 6,068. That put the index on track for another record close. The Russell 2000 index of small-company stocks dipped 1 point, or 0.1 percent, to 1,399.

EARLY LEADERS: Technology companies did better than the rest of the market. Apple climbed $2.18, or 1.5 percent, to $145.83 and Facebook added $1.53, or 1 percent, to $151.78. Apple will report its first-quarter results after the market closes on Tuesday and Facebook will make its report late Wednesday. Consumer-focused companies also rose, as online retailer picked up $15.60, or 1.7 percent, to $940.59, and health care companies traded higher.

TRIBUNE TALKS? Tribune Media rose after the Financial Times reported that 21st Century Fox and Blackstone may make a joint takeover bid for the company. Tribune Media has stakes in Food Network, WGN cable network and owns TV stations. Tribune stock gained $221, or 6 percent, to $38.77. The companies declined to comment. Sinclair Broadcast Group is also reported to be interested in buying Tribune.

CONSUMER SPENDING: The Commerce Department said overall spending by consumers was unchanged last month as people spent less on long-lasting goods like cars. That type of spending has been weak this year and hasn't budged the last two months, a key reason economic growth was slow over the first few months of 2017. Industrial companies traded lower Monday morning.

Last week the Labor Department said the U.S. economy turned in its weakest performance in three years in the January-March quarter. Overall the economy grew 0.7 percent over those months. On Friday the agency will release its April jobs report.

ENERGY: Benchmark U.S. crude fell 4 cents to $48.90 a barrel in New York. Brent crude, used to price international oils, declined 50 cents, or 1 percent, to $51.54 a barrel in London.

CURRENCIES: The dollar rose to 111.55 yen from 111.44 yen. The euro advanced to $1.0911 from $1.0895.

BONDS: Bond prices were little changed. The yield on the 10-year Treasury note remained at 2.29 percent.

OVERSEAS: Many markets in Asia and Europe were closed for May Day. Japan's benchmark Nikkei 225 was an exception and it gained 0.6 percent. Stocks in Japan were helped by a weaker yen and strong readings in a manufacturing survey.