Indices closed with gains on Monday, April 29, 2019. The S&P 500 and NASDAQ Composite ended the trading session at record highs. Stocks stepped up on a variety of economic news. Personal spending held steady in March. According to Commerce Department data, the core price index for personal expenditures was unchanged from February versus expectations of a 0.15% increase. On another note, Alphabet reported quarterly details after the closing bell. Earnings for the Google parent company hit $11.90 per share versus estimates of $10.60. Revenue of $36.34 billion missed expectations of $37.33 billion. Looking ahead, Apple will release earnings on Tuesday and commentary from the latest FOMC meeting is due on Wednesday.
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