U.S. stocks closed mostly higher on Monday, except for the Nasdaq, as investors awaited on fresh economic data and corporate earnings to kick off. The Dow Jones Industrial Average DJIA rose about 100 points, or 0.3%, ending near 33,586, for its third session in a row of gains, according to preliminary FactSet data. The S&P 500 index SPX gained 0.1%, while the Nasdaq Composite Index COMP closed fractionally lower, or less than 0.1%. It’s a big week for economic data, including Wednesday’s consumer-price index reading for March. Producer prices are due Thursday and retail sales on Friday, which also marks the start of bank earnings, including from JPMorgan Chase JPM, Citigroup C and Wells Fargo WFC .
Visa Inc. V said late Monday it increased its board to a dozen members with the election of Pam Murphy, who is the chief executive of cybersecurity company Imperva Inc. Visa Chief Executive Ryan McInerney said in a statement that Murphy’s “extensive operational experience in technology, cybersecurity, international business operations and strategic planning will be invaluable to Visa as we accelerate our strategy to facilitate global commerce and money movement.” Visa shares rose less than 0.1% after hours, following a 0.2% rise to close the regular session at $226.43.
Goldman Sachs GS settled charges Monday with the Commodity Futures Trading Commission that it violated standards related to equity index swap transactions. Goldman admitted that it failed to make necessary disclosures for “same-day” swaps to clients in 2015 and 2016, the CFTC said Monday. “The purpose of the CFTC’s Business Conduct Standards is to promote transparency and fairness in the swaps market,” said Ian McGinley, the CFTC’s director of enforcement, in a statement. “The CFTC is committed to ensuring that swap dealers abide by these standards, so that swap counterparties receive disclosures allowing them to assess material aspects of the swaps before entering into them,” he added.The CFTC order found that Goldman “opportunistically solicited or agreed to enter into same-day swaps only on days and at times that were financially advantageous to Goldman and disadvantageous to its clients.”Goldman will pay a $15 million civil monetary penalty as a result.