LITTLE ROCK, Ark. (KTHV) -- Stocks rose to tiny gains on Monday, but the S&P hit another all-time high amid a mixed batch of corporate earnings.
Among the big companies reporting on Monday was fast-food giant McDonald's, whose second-quarter earnings grew but also missed analyst expectations.
Investors disappointed by Netflix earnings
Investors were also disappointed by earnings from streaming video and DVD-rental company Netflix. It showed earnings up to $29 million on revenue of more than $1 billion, but investors were expecting more than the 63,000 subscribers they added.
Today, investors will be watching for the latest earnings from Apple, which reports after market close.
Rep. Griffin wants tax relief for Mayflower victims
U.S. Rep. Tim Griffin of Arkansas proposed tax relief for people affected by the oil spill in Mayflower this year.
The 2nd District Republican said Monday that people affected the oil spill deserve to be compensated, and he says they shouldn't have to pay more taxes because of that compensation.
ExxonMobil's Pegasus pipeline ruptured on March 29, spilling thousands of barrels of oil in Mayflower leading to the evacuation of more than 20 homes.
The measure Griffin introduced on Thursday would prevent money that ExxonMobil provides to Mayflower residents from being taxable by classifying it as disaster relief payments.
Top executive salaries in Arkansas
Arkansas Business this week is publishing its annual look at executive pay at Arkansas public companies.
Number 1 on the list with the most pay is Mike Duke, the CEO of Wal-Mart Stores Inc. of Bentonville. Duke took home $20.6 million in total compensation in 2012.
In fact, Wal-Mart executives are all over the top 10 of this list, with executives from the retailer taking up five of the top slots.
The other five spots are taken by executives from Murphy Oil Corp. of El Dorado at Nos. 2 and 10; Windstream Corp. of Little Rock at No. 6; and Tyson Foods Inc. of Springdale at Nos. 7 and 8.