U.S. stocks closed slightly higher on Thursday, on gains in McDonald’s and healthcare names. The Dow Jones Industrial Average rose 40.49 points, or 0.18%, to 22,381.20. The S&P 500 gained 3.02 points, or 0.12%, to 2,510.06 . The Nasdaq Composite added 0.19 points, to 6,453.45.
Oil prices finished lower Thursday, pulling back after hefty month-to-date gains as traders take positions ahead of the conclusion of the third quarter. West Texas Intermediate crude for November delivery fell by 58 cents, or 1.1%, to settle at $51.56 a barrel. November Brent crude shed 49 cents, or 0.9%, to $57.41 a barrel.
Rite Aid Corp. (RAD) reported weak same-store sales and missed revenue expectations for the fiscal second quarter ended Aug. 30. Revenue slipped 4.4% to $7.7 billion. Same-store sales slid 3.4%, marking the fifth consecutive quarterly decline. Earnings increased to 16 cents per share, or $170.7 million, up from one cent per share in the same period last year.
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