Stocks Opened Lower with Earnings in Focus

U.S. stocks opened lower on Thursday, as investors focused on quarterly earnings and fresh developments in disputes between the U.S. and its global trade partners. The Dow Jones Industrial Average lately fell 78.33 points, or 0.31%, to 25,120.96. The S&P 500 was down 6.37 points, or 0.23%, to 2,809.25. The Nasdaq Composite dropped 11.04 points, or 0.14%, to 7,843.40.

Oil futures lost ground on Thursday, unable to completely shake off a rise in U.S. crude inventories and a pickup in output by major oil producers. West Texas Intermediate crude for August delivery shed 73 cents, or 1.1%, to $67.02 a barrel.September Brent crude futures fell 77 cents, or 1.1%, to $72.13 a barrel.

Comcast Corp (CMCSA) said it dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc (FOXA) on Thursday and will focus on its offer for European pay-TV group Sky Plc (SKYB.L).

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