Stocks Ended Mixed, Dow Weighed by Financials

U.S. stocks ended mixed on Wednesday, with the Dow weighed by financial shares, the S&P 500 closed fractionally higher and the Nasdaq scored a new record. The Dow Jones Industrial Average fell 35.95 points, or 0.18%, to 20,054.34. The S&P 500 was up 1.59 points, or 0.07%, to 2,294.67. The Nasdaq Composite gained 8.24 points, or 0.15%, to 5,682.45.

Oil prices ended higher on Wednesday. March West Texas Intermediate crude rose 17 cents, or 0.3%, to settle at $52.34 a barrel. April Brent crude inched up by 7 cents, or 0.1%, to $55.12 a barrel.

President Donald Trump and Intel Corp. Chief Executive Brian Krzanich on Wednesday announced plans for a $7 billion investment in a major manufacturing facility in Arizona.

Worried about the nearly 20 million people who buy their own health insurance policies, the Trump administration and congressional Republicans are weighing how to stabilize a wobbly market, government and industry officials say.

Time Warner Inc reported higher-than-expected fourth-quarter results. The company reported net income of $317 million, or 40 cents per share, from continuing operations, down from $857 million, or $1.06 per share, a year earlier. Revenue rose to $7.89 billion from $7.08 billion.