U.S. stocks, which moved between gains and losses during Thursday's session, were poised to end on a marginally weak note as oil declined and telecommunications issues were weighed down by quarterly earnings from Verizon ( VZ ). Telecoms led eight of the 11 sectors on the S&P 500 lower, retreating 1.9% late in the day.
Energy stocks fell 0.4% as U.S. crude futures dropped 2.3% amid a stronger dollar, which weighs on commodities priced in that currency. Health care was up 0.5% in the best performance among the S&P's sectors. On the Dow, 17 of the 30 components were falling, led by The Travelers Companies ( TRV ). American Express ( AXP ) was the top gainer.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.