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Stocks pared losses, though remained in the red as crude oil continued to pressure Wall Street. Crude fell below $49 after OPEC failed to agree on a production cap. Apple weighed on the Dow after Goldman cut its price target and reduced full-year earnings estimates. The firm blamed weaker growth forecasts for the smartphone industry. Apple recently reported its first quarterly decline in iPhone sales. Joy Global slipped after reporting a double-digit percentage decline in quarterly revenue. A drop in demand and activity in the U.S. coal industry hurt the mining-equipment company. Bank of America downgraded oil giant Exxon Mobil to NEUTRAL from BUY. The firm said the move was a valuation call based on a $96 price target.

U.S. stocks dipped on Wednesday, following a further slowdown in China's manufacturing sector. The world's second largest economy posted a decline in its May manufacturing PMI, which stood at 49.2 in May from 49.4 in April. A level under 50 represents a contraction. Meanwhile, Tesla CEO Elon Musk made headlines at the company's annual shareholder meeting on Tuesday evening, saying owners of its new lower cost Model 3 sedan won't have access to its vast supercharger network for free. Salesforce plans to acquire cloud e-commerce company Demandware for $2.8 billion, or $75 a share. That's a 56 percent premium to Tuesday's closing price. This is Salesforce's largest acquisition. TheStreet's Scott Gamm reports from Wall Street.

The book is closed on May and the Dow scores its 4th straight monthly gain, albeit barely. Apple was the best stock in the Dow in May, up 6%. The tech sector was the strongest last month with the NASDAQ logging its 5th straight month of gains. Tesla could end free charging for life of the Model 3. The company had its annual shareholders meeting and CEO Elon Musk hinted at the move. The concession could be one thing to go with the cheaper model comes along. Musk says it will still be cheaper than gasoline to drive long distances with the Model 3. Japan's Softbank plans to sell nearly $8 billion worth of its stock in Alibaba . It wants to cut debt.

Stocks were little changed as the Beige Book muddied the rates outlook. The Fed's likely summer plans should become clearer following Friday's May jobs report. Most of the Fed's 12 districts reported modest growth since mid-April, according to the Beige Book. There were a few pessimists though' Chicago and Kansas City said growth had slowed, while New York noted flat progress. Nike weighed on the Dow after two separate downgrades. Bank of America cut its rating to neutral, arguing the company is losing market share, while Morgan Stanley reduced its own to equal weight, noting that growth headwinds are building. Under Armour declined after issuing a disappointing sales outlook. The sports apparel retailer said it would only realize around a quarter of the sales expected from Sports Authority after the chain's bankruptcy.

U.S. stocks tried for gains on Wednesday despite disappointing manufacturing data out from China and weaker sales from U.S. automakers last month. May saw two fewer selling days compared to a year earlier which contributed to less foot traffic in showrooms. Ford reported a nearly six percent decline in total vehicle sales with a 25 percent slump in car units overshadowing strong truck demand. General Motors suffered an 18 percent decline as tight supplies of newer models choked off demand. Fiat Chrysler , meanwhile, managed to lift sales to their best May level in 11 years. Construction spending in the U.S. unexpectedly declined in April, pulling back from a solid March. The surprise drop was mostly due to unexpectedly-weaker residential spending.

U.S. stocks opened higher on Tuesday, as consumer spending in April rose by the most in roughly seven years. Consumer spending jumped 1 percent during the month, beating expectations of a 0.7 percent rise. Plus, the Federal Reserve's preferred inflation gauge, the personal consumption expenditure price index (PCE), jumped 1.1 percent year-over-year. Core PCE gained 1.6 percent. Meanwhile, eurozone deflation narrowed to 0.1 percent in May, compared to April's 0.2 percent year-over-year decline. Analysts were disappointed with the data, especially heading into this week's European Central Bank policy meeting. Volkswagen (VOW3), after suffering losses in 2015 on the heels of its epic emissions scandal, posted a profit in first quarter. Net income stood at 2.31 billion euros, a 20 percent drop year over year. Revenue fell 3.4 percent to almost 51 billion euros. TheStreet's Scott Gamm reports from Wall Street.

Nearly 40,000 striking Verizon workers will return to their jobs Wednesday after reaching a tentative contract agreement over the Memorial Holiday Weekend. The Communication Workers of America say the new deal includes 1300 new call center jobs, nearly 11% in raises over 4 years and the first contract for Verizon wireless store workers. The CWA called the deal a victory for working families. Crude oil prices are quiet as investors wait for cues from OPEC on oversupply. OPEC meets Thursday and will discuss what to do with oil production after prices hit $50 a barrel last week. Oil prices have doubled since hitting lows over the winter. Viacom's board is preparing for a fight with the Redstones. The Wall Street Journal says board members are anticipating their ouster and and will argue that former Chairman Sumner Redstone doesn't have the mental competency to act of his own free will.

U.S. stocks turned mixed in midday trading on Tuesday as investors feared a sooner-than-expected Fed rate hike. Meanwhile, U.S. home prices rose 0.9 percent in March, according to the S&P Case-Shiller Home Price Index, released on Tuesday. The index rose 0.7 percent during the prior month. Carl Icahn said he's acquired a 'large position' in pharmaceuticals giant Allergan . The billionaire investor also praised Allergan CEO Brent Saunders. It's unclear exactly how many shares Icahn purchased. Facebook , Twitter , Google and Microsoft agreed to new European Union regulations that would force the tech giants to review and potentially remove 'the majority of' online hate speech. The companies will have 24 hours to review user's requests for hateful content to be removed from the site. TheStreet's Scott Gamm reports from Wall Street.

U.S stocks opened higher on Friday, as first quarter GDP was revised higher. The economy expanded by 0.8 percent during the quarter, compared to a previously reported 0.5 percent. Plus, consumer spending rose 1.9 percent in first quarter, while economists had expected a 2.2 percent increase. GameStop shares sunk after reporting a 4.4 percent drop in sales to $1.97 billion for the first quarter. Comparable store sales fell 6.2 percent year-over-year. Finally, Federal Reserve Chair Janet Yellen is speaking at Harvard University on Friday. Investors will be looking for any clues on the timing of the central bank's next rate hike. TheStreet's Scott Gamm reports from Wall Street.

Stocks added to gains in the final hour even as Fed Chair Janet Yellen suggested the central bank could implement another rate hike this summer. Yellen's comments coalesce with the past two weeks of increased Fed talk. Verizon rose after reaching a 'tentative agreement' with two unions which will end a six-week strike. The strike, the largest in five years, involved around 37,000 workers. LendingClub soared reports it has entered discussions with Citigroup about buying or financing future loans. The discussions are part of the peer-to-peer lender's efforts to calm existing investors as it undergoes an investigation into some of its loans. Vivint Solar rocketed higher after analysts at Deutsche Bank upgraded the stock to BUY.