Stocks Ended Flat, Snapped 5-week Winning Streak

U.S. stocks ended little changed on Thursday, snapping a five-week winning streak, as dollar strength damaged oil and commodity share prices. The Dow industrials gained 13.14 points, or 0.08%, to 17,515.73. The S&P 500 shed 0.77 point, or 0.04%, to 2,035.94. The Nasdaq Composite gained 4.64 points, or 0.10%, to 4,773.50.

Oil futures finished lower Thursday, after a report showed that the number of rigs actively drilling for crude in the U.S. fell over the past week. On the New York Mercantile Exchange, May West Texas Intermediate crude shed 33 cents, or 0.8%, to $39.46 a barrel. May Brent crude on London’s ICE Futures exchange gave up 3 cents, or less than 0.1%, to $40.44 a barrel.

GameStop Corp. (GME) reported 2016 earnings expectations slightly below Wall Street consensus. The game retailer reported adjusted net earnings of $251.6 million, or $2.40 a share, in the fourth quarter, compared with adjusted net earnings of $235.5 million, or $2.15 a share, in the prior-year quarter. Sales reached $3.53 billion in the quarter.

Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc (YHOO.O), including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm.

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