Stocks Opened Mostly Lower

U.S. stocks opened mostly lower on Thursday, as ongoing uncertainty surrounding trade policy weighed on investor sentiment. The Dow Jones Industrial Average lately fell 74.55 points, or 0.31%, to 24,043.04. The S&P 500 was down 1.23 points, or 0.05%, to 2,700.86. The Nasdaq Composite dropped 14.91 points, or 0.20%, to 7,460.00.

Oil prices twisted in narrow, mixed trading early Thursday, when an earlier report showed domestic crude supplies fell by their most so far this year. August West Texas Intermediate crude slipped 32 cents, or 0.4%, to $72.45 a barrel. August Brent crude rose 17 cents, or 0.2%, at $77.79 a barrel.

The U.S. economy slowed more than previously estimated in the first quarter amid the weakest performance in consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts. Gross domestic product increased at a 2.0 percent annual rate in the January-March period, the Commerce Department said on Thursday.

Walgreens Boots Alliance (WBA) posted stronger-than-expected quarterly earnings and unveiled a $10 billion share buyback Thursday. Its fiscal third quarter, came in at $1.53 per share, well ahead of the Street forecast of $1.48 and an 15.5% advance from the same period last year. Inc (AMZN) said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount. PillPack organizes and delivers prescription medications for its customers, including those with multiple chronic conditions, and is authorized to deliver in 49 states.

JPMorgan Chase & Co (JPM) said on Thursday that it is now offering a digital bank account for smartphones nationally after testing and refining the app in St. Louis since October.

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