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DATELINE (AP) — Major U.S. stocks indexes are closing higher, led by a recovery in the energy sector. The market had started lower today as the price of oil sank, but turned higher in morning trading and stayed higher for the rest of the day. In addition to energy stocks, health care and consumer companies posted big gains. The Dow Jones industrial average gained 106 points to close at 18,004. It's the first finish above 18,000 since last July. The S&P 500 added 13 points. The Nasdaq composite climbed 21.
LOS GATOS, Calif. (AP) — Netflix shares dropped more than 10 percent in extended trading as the company lowered its subscriber forecast for the second quarter. Netflix says it earned $28 million, or 6 cents per share, on revenue of nearly $2 billion in the first quarter. But investors are far more focused the company's subscriber growth. The second quarter forecast reflects the anticipated loss of some subscribers when the company hikes prices by 25 percent.
NEW YORK (AP) — Shares of Hasbro gained almost 6 percent Monday after the toy company reported better results than analysts were expecting. Hasbro benefited from strong sales of "Star Wars," ''Frozen" and Disney princess products. Amazon was another big winner on Wall Street. Shares rose 1.4 percent after the company announced it would directly take on Netflix and Hulu with a stand-alone video streaming service.
NEW YORK (AP) — The Manhattan district attorney says it's crucial that Congress pass legislation requiring tech companies to give law enforcement a way to access information on encrypted phones and other devices. Cyrus Vance Jr. says his office currently has 230 locked phones involved in cases and that getting into them is an issue of victims' rights. Vance spoke ahead of a hearing on encryption before a House subcommittee. A Senate bill now being drafted would prohibit unbreakable encryption and require companies to help the government access data on a computer or mobile device with a warrant.
WASHINGTON (AP) — More than five million taxpayers are expected to file their tax returns Monday before a midnight deadline. The IRS projects another 13.5 million will request six-month extensions. The traditional April 15 filing deadline was extended by three days because of a legal holiday in Washington that commemorates the signing of the District of Columbia Compensated Emancipation Act.
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