Estimated read time: 2-3 minutes
NEW YORK (AP) — Wall Street is coming off a record high quiet session. The Dow Jones industrial average added 26 points, or 0.1 percent Monday, to 18,299. The S&P 500 rose 6 points, or 0.3 percent, to 2,129 and the Nasdaq composite rose 30 points, or 0.6 percent, to 5,078.
TOKYO (AP) — Asian stock markets rose today after Wall Street hit a new high as investors looked ahead to U.S. and European inflation data. The Shanghai Composite Index, Tokyo's Nikkei, Seoul's Kospi and Hong Kong's Hang Seng and Taipei all advanced. Sydney's S&P/ASX 200 was unchanged and New Zealand declined.
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell says he expects a final vote by Friday on major trade legislation sought by President Barack Obama and on another measure that would keep highway funds flowing. McConnell has threatened to hold over lawmakers from their scheduled departure for a Memorial Day recess.
SEOUL, South Korea (AP) — The founder of Alibaba Group is defending the e-commerce giant's stance against counterfeit goods and is expressing regret over a lawsuit filed by the owner of luxury brands Gucci and Yves Saint Laurent. Jack Ma says his company cooperates with brand owners to fight counterfeiting and has a large staff of employees dedicated to that. A lawsuit filed by France's Kering SA last week in a U.S. court accuses Alibaba of cooperating with and profiting from sales of counterfeit goods.
LAS VEGAS (AP) — A growing list of legal contenders are going toe-to-toe with Manny Pacquiao because of an undisclosed shoulder injury. At least 32 class action lawsuits across the country allege Pacquiao turned the so-called fight of the century against Floyd Mayweather into a fraud and want their money back, and then some. Mayweather won in a unanimous decision after 12 lackluster rounds.