DJIA: 18,070.40  +46.34 (0.26%) | NASDAQ: 5,016.929  +11.538 (0.23%) | S&P 500: 2,114.49  +6.20 (0.29%) Markets status unavailable

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    The stock market's five major averages are straddling their key weekly moving averages, so it's premature to follow the popular investing strategy of "Sell in May and go away." New highs are possible for these averages, but so are closes below all five key weekly moving averages.

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    After plunging oil prices sent the U.S. high-yield corporate bond market into a tailspin late last year, the asset class has come back. High-yield is the best performer in U.S. fixed-income in the year so far, after chalking up positive returns in April to outperform investment-grade and Treasuries. High-yield debt has returned 3.8% in the year so far, according to the Bank of America Merrill Lynch Global Index System.

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    * McDonald's down after revealing turnaround plan. * AMC, Cognizant hit record high after results. * U.S. factory orders post largest gain in eight months. * Indexes up: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.5 pct. By Tanya Agrawal.

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    Stocks hovered at highs on Monday with the S&P 500 trading near its record closing level. The S&P 500 was up 0.37% to 2,116. Crude oil slipped after China's factory activity fell at a faster pace than expected, prompting fears of weakened demand for oil in the world's second-largest economy.

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    * TSX up 48.5 points, or 0.32 percent, to 15,388.27. * Nine of the TSX's 10 main groups were higher. By Solarina Ho. Canada's main stock index rose broadly on Monday on upbeat investor sentiment, with across-the-board gains led by the materials group and Alimentation Couche-Tard (ANCTF) stock. Convenience store operator Couche-Tard was by far the most influential gainer on the index.

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    By Daniel Bases NEW YORK, May 4 - U.S. Treasuries prices were modestly higher on Monday, hewing to narrow ranges on a combination of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London.

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    * McDonald's down after revealing turnaround plan. * AMC, Cognizant hit record high after results. * Cisco inches up after saying Chambers to step down as CEO. * Indexes up: Dow 0.5 pct, S&P 0.5 pct, Nasdaq 0.5 pct. By Tanya Agrawal.

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    The legendary investor thought the central bank's stimulus program would create faster inflation, so he reduced his stake in bonds, which subsequently rallied. Stephen Gandel has an interesting piece in Fortune on Warren Buffett and interest rates. "Buffett said that he wouldn't have predicted that interest rates could have stayed this low for this long without a problem.' So far, I have been wrong on interest rates,' said Buffett."

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    The S&P 500 was trading on Monday near its record close, posting modest gains as factory orders in March climbed at their fastest pace since July. U.S. markets were following a rally by international stocks. The S&P 500 was up 0.43% to 2,117.3. The benchmark index had closed at an all-time high of 2,117.69 on April 24.

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    U.S. stocks opened higher on Monday ahead of an expected rise in U.S. factory orders in March, pointing to a strengthening manufacturing sector despite a stronger dollar. The Dow Jones industrial average rose 37.33 points, or 0.21 percent, to 18,061.39, the S&P 500 gained 5.99 points, or 0.28 percent, to 2,114.28 and the Nasdaq Composite added 20.09 points, or 0.4 percent, to 5,025.48.

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    * McDonald's down after revealing turnaround plan. * Cognizant up after raising full-year forecast. * Cisco slips after saying Chambers to step down as CEO. * Futures up: Dow 54 pts, S&P 6 pts, Nasdaq 13.25 pts. By Tanya Agrawal.

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    Sysco Corp (SYY) reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission's motion to block the company's acquisition of rival US Foods Inc. Sysco (SYY), the no. The company's shares fell 1 percent to $36.69 in light premarket trading.

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    Shares of Comcast Corp. (CMCSA) are up by 1.93% to $59.54 in pre-market trading on Monday morning, after the NBC Universal parent company posted better than expected earnings results for the 2015 first quarter. Earnings excluding adjustments for the quarter ended March 2015 grew by 16.2% to 79 cents per share.

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    Cisco Systems Inc. (CSCO) said on Monday that John Chambers will relinquish his role of chief executive officer after 20 years in the position, effective July 26. He will remain on the board, and will assume the role of executive chairman. The networking giant will appoint 17- year company veteran Chuck Robbins as the new CEO on July 26. He was most recently senior vice president of worldwide operations. Cisco's (CSCO) stock, a component of the Dow Jones Industrial Average, slipped 0.3% in...

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    - Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more. Berkshire Hathaway Inc rose 1.62 percent, giving the biggest boost to the S&P 500 after the insurance and investment conglomerate's results beat forecasts.

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    * Futures up: Dow 56 pts, S&P 5 pts, Nasdaq 6.25 pts. U.S. stock index futures were higher on Monday ahead of data that is expected to show demand for U.S. manufactured goods rose in March, sending factory orders up and signaling that the sector is strengthening despite a stronger dollar.