Stocks Ended Mostly Lower, Dow Logged a Gain

U.S. stocks ended mostly lower on Thursday, as concerns about a pick up in inflation and rising bond yields fostered emerging volatility on Wall Street. The Dow Jones Industrial Average gained 37.32 points, or 0.14%, to 26,186.71. The S&P 500 lost 1.83 points, or 0.06%, to 2,821.98. The Nasdaq Composite fell 25.62 points, or 0.35%, to 7,385.62.

Oil prices scored their biggest one-day gain in more than a week on Thursday, after Goldman Sachs said the market has likely reached a balance between supply and demand, and forecast Brent crude to trade above $80 a barrel later this year. March West Texas Intermediate crude rose $1.07, or 1.7%, to settle at $65.80 a barrel. April Brent rose 76 cents, or 1.1%, to finish at $69.65 a barrel.

Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter net income of $1.86 billion. The Seattle-based company said it had profit of $3.75 per share. Earnings, adjusted for pretax gains, came to $2.16 per share. Revenue was $60.45 billion in the period.