Stocks were mixed at Monday during mid-day training. After briefly reaching brand new highs, the S&P 500 and the Dow are slightly higher.

This is after a handful of weaker-than-expected economic reports. 

The U.S. manufacturing sector expanded to 56.4 in May, according to data from financial firm Markit. A number above 50 shows expansion in the sector.  

Construction spending rose by a very slim number, only 0.2 percent in April. This is the best level of spending in almost five years, but it was expected to rise by 0.6 percent. 

This week, car sales and factory orders will be reported. The weekly jobs report (Friday) will be widely watched this week as well.

"Despite the new highs, the market's been in a little bit of a consolidation phase and it's searching for some kind of direction," said Keith Bliss, senior vice president at Cuttone & Co. "But unless we get dramatically poor data point, it's going to be hard to crack this market to the downside." 

Company news this week is largely based on tech companies. 

Apple will hold its Worldwide Developers Conference. The tech-giant is expected to unveil new products and software updates. Apple was down 0.18 percent at mid-day trading.

Google wants to invest more than $1 billion in new Internet satellites around the world, according to the Wall Street Journal. Google shares were down Monday over 1.5 percent.

Broadcomm shares are surging Monday after the company announced it is trying to sell or consolidate its cellular broadband business. The stock was up nearly 10 percent Monday.

Krispy Kreme will report its quarterly earnings after Monday's closing bell. Krispy Kreme has recovered in its share price since it hit a 52-week low of 15.70 back in February. Analysts expect growth from the company, 15 percent in earnings and 5 percent in revenue. TheStreet.com analysts say the stock is still priced too high compared to its earnings though. They say that McDonald's and Yum Brands' Taco Bell have both improved their breakfast offerings.

Finally, gold continues to fall due to global uncertainty.