Stocks Ended Mostly Lower

U.S. stocks closed mostly lower on Wednesday, weighed by the energy services sector and some disappointment from a report on existing home sales. The Dow Jones Industrial Average ended down 45.57 points, or 0.354%, at 13,124.62. The S&P 500 fell 2.63 points, or 0.19%, to 1,402.89, led by energy-share losses. The Nasdaq Composite rose 1.17 points, or 0.04%, to 3,075.32.

Hewlett-Packard Co. announced a major reorganization on Wednesday morning, combining its printing and personal computer lines into a single unit in an effort to bring greater efficiencies to the businesses.

Discover Financial Services says its profit jumped 36 percent in its fiscal first quarter, as use of its namesake credit card increased, helping driving higher sales balances. Its net income after paying preferred dividends climbed to $624 million, or $1.18 a share, in the three months ended Feb. 29. Revenue net of interest expense rose to $1.84 billion.

Zynga Inc. said Wednesday that it has made a deal to acquire OMGPOP, the studio behind the recently popular “Draw Something” mobile and social game.

U.S. crude-oil futures rose Wednesday after a weekly government report showed a surprise decline in inventories, gathering more steam as the end of floor trading approached. Crude for May delivery the new front-month contract, advanced 91 cents, or 0.9%, to $106.96 a barrel on the New York Mercantile Exchange.






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