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Stocks were narrowly mixed as markets digested the shock firing of FBI Director James Comey. The worry is that this latest controversy could distract the White House from pushing forward with its tax cut plans. Crude oil prices rose after a weekly reading on U.S. stockpiles showed a large decline. The Energy Information Administration reported inventories declined by 5.2 million barrels in the past week. Gasoline and distillates stockpiles also dropped. Fossil tumbled by more than 20% after reporting a net loss more than three times deeper than anticipated. The fashion accessories brand also issued an outlook below expectations. Time plummeted after its executive chairman unexpectedly resigned and the publisher slashed its quarterly dividend. Time has stumbled after making the decision to not explore a sale several weeks ago.

Snap , parent company of Snapchat is down about 20% from its peak. Investors will watch the tech company as it reports earnings after the closing bell today. This is the first earnings report as a public company. Some investors are worrying that its best growth has already happened and its technology is easily duplicated. Yelp could have a brutal day today. Shares plummeted as it missed earnings guidance. Yelp says many advertisers left and they had trouble getting new ones. Disney turned in a mixed earnings report. The theme parks are strong and could get stronger as Disney is getting ready to unveil some new experiences, like Pandora Land. Beauty and the Beast helped Disney's film studio reach profit up 21% from a year ago. However, ESPN continues to lose subscribers.

Stocks fluctuated around the flatline as the low-volatility trading environment remained stable on Wall Street. The S&P 500 and Nasdaq reached fresh intraday records earlier in the session. Home goods and decor company Wayfair surged after a narrower loss and higher sales than expected over its first quarter. The company also increased its market share in North America and Europe, though average order sizes dropped. Allergan rose as sales of Botox helped push quarterly earnings and sales above Wall Street estimates. The drugmaker's full-year adjusted earnings also met analysts' expectations. Apple traded in record territory a day after reaching a market cap of above $800 billion for the first time ever. The world's largest company rallied yesterday after Drexel Hamilton upped its price target on high hopes for the iPhone 8. Top news on TheStreet today: Carly Fiorina: 'Pre-Existing Conditions Have to Be Covered' in Health Care Reform Verizon CEO Lowell McAdam: M&A Talk Is Overblown Valeant Shows Signs Its Turnaround Efforts Are Bearing Fruit; Jim Cramer Weighs In Alibaba Launches AliPay in U.S. to Challenge WeChat, Apple Pay Walgreens Gives FTC Deadline on Rite Aid Ruling Here's the Simplest Reason Ever Why Apple Won't Spend More Than $50 Billion to Buy Tesla Amazon Just Released a New Echo Device With a Touchscreen

Hertz blames bad year over year comparisons for its earnings miss. It says a late Easter this year as well as a leap year last year compared unfavorably to 2016. It also blames rental prices tumbling and the falling used car values. Express Scripts says it will offer cheaper prescription drugs for uninsured patients. The New York Times reports that those with high deductibles that can't afford medicine will also be a part of this plan. Express Scripts has been widely criticized in the past as one of the major drivers of rising drug costs. Walt Disney reports earnings after the closing bell. $1.45 a share is expected. The entertainment company may give some insights into ESPN and how it is doing after a recent round of high profile layoffs. It may also update investors on Pandora Land, a soon to be opened park at its Orlando operations.

Stocks crept lower to begin the new week even as Emmanuel Macron's victory in the French election brought certainty to global markets. His win ensures France's active role in the European Union. Straight Path Communications rocketed higher after confirming it had received a better offer than its current merger agreement with AT&T . The offer came from an undisclosed multi-national telecom. AT&T now has the chance to match or improve its own bid. Newell Brands climbed on a better-than-expected quarter. Adjusted profit came in a nickel above estimates. The parent of Yankee Candle and Sharpie also upped its quarterly dividend by 21%. Sinclair Broadcasting has secured a deal to acquire Tribune Media . The cash-and-stock deal will need to clear regulatory hurdles before it can close.

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks including Coach , Sinclair , Charter Communications , Comcast , Disney and Nvidia .

Analysts tell Marketwatch that a 'buy the rumor, sell the fact' is the reason global market rallies are fizzling after the French President election. The favorite, Emmanual Macron, won in a landslide. Investors like the promises he made during the campaign to reform but not dismantle the European Union. Comcast CMCSA and Charter Communications CHTR are expected to announce a wireless partnership today. Reuters says the partnership is aimed at cutting the significant costs of entering the wireless market, as well s speeding up entry. The deal will bar either company from entering into a material transaction for a year without the other's consent. Sinclair Broadcasting SBGI is said to be near a deal to buy Tribune Media TRCO. Several reports over the weekend say a buyout could be announced this week at $45 a share. Sinclair and Tribune both own local TV stations all over the country. A deal would need regulatory approval.

Stocks turned higher this afternoon as a rebound in crude prices fueled a rally in the energy sector. A positive April jobs report this morning also upped the chances of a June rate hike. Crude oil rebounded on Friday from its worst settlement in five months a day earlier. Gains held even after another increase in the number of rigs drilling for crude rose over the past week. Production has risen for the past 16 weeks in a row. Universal Display rallied after reporting a massive 87% increase in quarterly revenue. Universal is rumored to have provided its display product to the iPhone 8. Shake Shack surged even as same-store sales turned negative over its recent quarter. Same-restaurant sales decreased by 2.5% over its first quarter, down from nearly 10% growth in the same period a year earlier.

Stocks were mixed after the April jobs report shored up the chances of a move on interest rates next month. The Dow Jones Industrial Average held in the red on a selloff in IBM shares. Warren Buffett said he had unloaded one-third of his stake. Herbalife rallied on solid guidance for its full year. The nutrition company anticipates adjusted earnings of at least $4.05 a share for 2017, higher than consensus of $3.96. Zynga was also higher after a solid first quarter and upbeat forecasts for second-quarter bookings. The developer of online games including FarmVille and Words With Friends anticipates current-quarter bookings nearly 5% higher than consensus. Revlon lost more than one-fifth its value after swinging to a first-quarter loss. Consumer segment net sales fell around 9% as its North American business continued to perform poorly.

Most economists expect the rate to hold steady at 4.5% in April and for job growth to be around 190,000. Investors will also be looking at wages to see if they are growing fast enough to signal an economy that is firing on all cylinders. Warren Buffett's Berkshire Hathaway sold a third of its stake in IBM . He told CNBC ahead of the company's annual shareholders meeting that they sold the stake when IBM topped $180 s share. He says he's revalued the stock downward since buying it 6 years ago. Oil has dropped to its lowest level this year. The price is now below $45 for the first time since OPEC began cutting production in January. A combination of resilient U.S.shale output and less demand for gasoline is keep prices low. Crude oil prices are down 15% in the past 3 weeks. Federal Reserve Chairwoman Janet Yellen speaks today at Brown University. Fed Vice Chair Stanley Fischer will also be speaking in California. March Consumer Credit is reported.

The Hollywood writers reached a deal with the studios on pay per episode and royalties on re-runs. If the two sides didn't reach an agreeement by the midnight deadline, it would have been the first writers strike since 2007. Apple is out with its earnings after the closing bell today. The big focus this quarter, like many quarters, is on the company's flagship smartphone products. iPhone sales are expected to increase 4.3% from a year ago. Analysts also hope Apple will share some insight about the expected iPhone release in September. Aetna says full year earnings per share are $4.48 to $4.68 and revenue was $15.17 billion versus a little more than a year ago. However, the insurance company overall had a net loss, due to the costs of the termination of the Humana merger. The House Financial Services Committee marks up its replacement to Dodd-Frank act. The Senate Commerce Committee studies broadband infrastructure. The Federal Reserve begins a 2 day meeting.

Negotiators reach an agreement last night to fund the government through September, avoiding a government shutdown. Friday, Congress passed a stopgap funding bill that kept the government open for another week, giving lawmakers until midnight May 5th to try to reach a compromise on legislation to fund the government through fiscal 2017, which ends September 30th. There could be a fight brewing to buy Tribune Media . Blackstone would provide the cash for the acquisition while FOX would add all its owned and operated television stations to the joint venture. Sinclair Broadcasting group also reportedly made a bid for Tribune. UPS maintenance workers are turning up the pressure on the company. Reuters reports they will go on strike if their 3 year old contract dispute isn't resolved soon. They reportedly will protest at the UPS shareholder meeting Thursday.

The Dow Jones Industrial Average and S&P 500 ended in the red as worries over economic growth in the first quarter persisted. The Dow did manage to end with its best weekly gains, though, benefiting from positive earnings throughout the week. Oil prices closed slightly higher, though ended April with a second monthly decline in a row. West Texas Intermediate crude for June delivery lost 3.4% over the month. Prices have been under pressure on worries OPEC may not extend its production cap agreement. Expedia fell as adjusted earnings missed analysts' estimates. Gross bookings increased 14%, while room night stayed grew 12%. Starbucks declined after revenue and comparable sales fell short of estimates. Global comparable store sales increased by 3%, missing a target of 3.6% growth.

Wall Street was mostly lower after the U.S. economy in the first quarter grew at its slowest in three years. The slowdown was largely tied to conservative consumer spending. GM reported a double-digit increase in net income as sales of its trucks and SUVs boosted overall results. Net income increased 34% to a new record for the first quarter, while revenue climbed 11%. Time Inc. lost nearly one-fifth of its value after its board made the decision to not explore a sale. The board had examined interest from potential buyers, but decided against it. Honeywell rose after hedge fund Third Point added to its position and pushed for changes. The company suggests Honeywell separate its aerospace unit, a move Third Point says could create shareholder value in excess of $20 billion.

Amazon shares soar on a big earnings and sales beat as its cloud business helped drive results. Alphabet beat on both the top and bottom line as its advertising business was strong. Intel had lower than expected revenue after a slowdown in its data business. Asian stocks, though are lower on concerns about what's happening in North Korea. President Trump warned that a major conflict with North Korea is possible. In an interview with Reuters, the President said he was still hoping for a diplomatic solution. Meanwhile, President Trump nears his 100th day in office Saturday. The Dow Jones Industrial Average is on track to book the best performance in the postwar era under a first-term President when measured from election day through the 100th day in office, according to Dow Jones data. Other measurements say from Inauguration Day, it's the 3rd best performance with gains of 5.5%.