Small gain to start week | Treasury to borrow $3 trillion | Buffett sale knocks airline stocks

Stocks spent most of the day in the red, but ended the session with gains on strength in the tech sector.

VIEW IN BROWSER | SUBSCRIBE MON, MAY 04, 2020 EVENING BRIEF AS OF MON, MAY 04, 2020 • 04:13 ET DJIA 23749.76 +0.11% +26.07 S&P 500 2842.74 +0.43% +12.03 NASDAQ 8710.71 +1.23% +105.77   Most Active DOW NAME LAST CHG %CHG AAPL 293.16 +4.09 +1.41% BA 131.46 -1.91 -1.43% MSFT 178.84 +4.27 +2.45% S&P 500 NAME LAST CHG %CHG GE 6.21 -0.29 -4.46% AAL 9.82 -0.82 -7.71% DAL 22.57 -1.55 -6.43% NASDAQ NAME LAST CHG %CHG AAL 9.82 -0.82 -7.71% UAL 25.26 -1.36 -5.11% AMD 52.56 +2.68 +5.37% EDITOR'S NOTE The U.S. economy is slowing reopening, but while the number of new coronavirus cases has leveled off, it remains stubbornly high, according to data from Johns Hopkins University.   All eyes are on New York state where the daily number of hospitalizations and new deaths related to Covid-19 are falling, but Gov. Andrew Cuomo said the declines are not as steep as officials had hoped. Stocks were down for most of the day on Monday, but ended the session with gains.   Airline stocks tumbled following Warren Buffett's remarks on Saturday that Berkshire Hathaway had pulled investments in the nation's four largest airlines.   The investing magnate also said he was somewhat wary of the Federal Reserve's multitrillion-dollar response to the coronavirus pandemic.   "We're doing things that we really don't know the ultimate outcome to," he said. "I think in general they're the right thing, but I don't think they're without consequences, and I think they could be of extreme consequences if pushed far enough."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  S&P 500 ekes out a small gain to start the week on strength in big tech US airline stocks tumble after Buffett sells whole stakes US Treasury seeks to borrow a record $3 trillion this quarter Buffett cautions on 'extreme consequences' from the Fed's recent moves Track the latest coronavirus news here Goldman Sachs says the economy has 'probably bottomed now' ahead of a second-half surge GE Aviation plans to cut 13,000 jobs as coronavirus hits air travel demand Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house' Ferrari is now worth more than General Motors and Ford Preppy retailer J.Crew files for bankruptcy     TOP VIDEO Former Continental Airlines CEO: Warren Buffett is right about selling his airline stakes   CNBC PRO Goldman says the five giant stocks the market is overly reliant upon have little upside left   SPECIAL REPORTS As Lyft and Uber prepare for earnings, traders pick between the ride-share stocks Gambling stocks: These two may have hit bottom, traders say   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS