Some highlights from the day's business news:
7% of Americans subscribe to Netflix
Netflix knocked over a new milestone Monday: It now has more subscribers than the largest cable TV operator in the U.S.
Netflix's global subscriber base grew almost 70% over the past year, to 23.6 million users. With that audience, it dethroned Comcast as the country's biggest provider of subscription video content. More than 7% of Americans now subscribe to Netflix.
Those details came out Monday in Netflix's first-quarter report, in which the company reported earnings of of $60.2 million, or $1.11 a share. That's up from $32 million, or 59 cents a share, a year ago.
Revenue rose 46% to $719 million. Both figures topped Wall Street estimates, but shares fell 2.5% in after-hours trade on light forecasts for the second quarter.
Stocks end mixed amid investor caution
U.S. stocks ended mixed Monday, with technology shares rising modestly, amid a pause in the flow of corporate results and ahead of a statement from the Federal Reserve later this week.
In the commodities market, gold and silver prices held gains but closed off session highs. Oil held near $112 a barrel.
The Dow Jones industrial average fell 26 points, or 0.2%, to 12,479. The S&P 500 slipped 2 points, or 0.1%, to 1,335. But the Nasdaq Composite bucked the trend, rising nearly 6 points, or 0.2%, to 2,825.
Stocks retreated after the Dow ended last week near a 3-year high on a batch of strong corporate earnings.
- CNNMoney.com reporters Julianne Pepitone and Ben Rooney contributed to this report.