Stocks Ended Mixed asRepublicans Withdrew Health-care Bill

U.S. stocks ended mostly lower on Friday as House Republicans withdrew the American Health Care Act after determining that they did not have enough votes to pass the bill. The Dow Jones Industrial Average fell 59.86 points, or 0.29%, to 20,596.72 for a weekly decline of 1.5%. The S&P 500 dropped 1.98 points, or 0.08%, to 2,343.98, down 1.4% for the week. The Nasdaq Composite rose 11.04 points, or 0.19%, to 5,828.74 but finished out the week 1.2% lower.

Oil prices finished slightly higher Friday, but logged their third weekly loss in a month. May West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $47.97 a barrel. For the week, May WTI oil futures saw a loss of about 1.7% from the week-ago settlement of $48.78 for the April contract. May Brent crude added 24 cents, or 0.5%, to $50.80 a barrel—for a weekly loss of about 1.9%.

The Trump administration claimed credit Friday for an announcement by cable provider Charter Communications that it intends to hire 20,000 workers in the United States and invest $25 billion in high-speed Internet over the next four years.