Stocks Closed Higher as Tech Gained

U.S.stocks closed higher on Thursday as tech stocks pushed higher for a fifth day. The Dow Jones Industrial Average rose 20.95 points, or 0.10%, to 21,553.09. The S&P 500 added 4.58 points, or 0.19%, to 2,447.83. The Nasdaq Composite gained 13.27 points, or 0.21%, to 6,274.44.

Oil tallied a fourth session of gains on Thursday, with prices finding support from the largest weekly decline for U.S. crude inventories in 10 months and a forecast for stronger growth in demand this year. August West Texas Intermediate crude tacked on 59 cents, or 1.3%, to settle at $46.08 a barrel. September Brent crude added 68 cents, or 1.4%, to $48.42 a barrel.

Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following a legal challenge by U.S. antitrust enforcers.