Stocks End Recent Winning Streak

U.S. stocks declined moderately on Thursday, halting Wall Street’s record-setting streak, even as data showed that  weekly jobless claims fell to a five-year low. The Dow Jones Industrial Average fell 22.50 points, or 0.15%, to  15,082.62. The S&P 500 Index lost 6.02 points, or 0.37%, to 1,626.67. The Nasdaq Composite retreated 4.10 points, or  0.12%, to 3,409.17.

Priceline.com Inc. (PCLN) on Thursday reported a first-quarter profit of $244 million, or $4.76 a share, on revenue  of $1.3 billion, compared with earnings of $182 million, or $3.54 a share, on $1.04 billion in sales in the same  period a year ago.

Nvidia Corp. (NVDA) on Thursday reported a first-quarter profit of $77.9 million, or 13 cents a share, compared with  a profit of $60.4 million, or 10 cents a share, for the year-earlier period. Revenue rose to $518.6 million from  $463.4 million. Adjusted profit was 18 cents a share.

Fannie Mae saw record pre-tax income in the first quarter and plans to pay the U.S. Treasury Department $59.4  billion by the end of next month, according to financial results filed Thursday. The company reported net income of  $58.7 billion for the first quarter, up from $2.7 billion during the same period in the prior year. The most recent quarterly result included a $50.6 billion federal-income-tax benefit and $8.1 billion for income before federal
income taxes.

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