Stocks Ended Lower for Fourth Day

U.S. stocks finished well off the day’s lows but remained under pressure on Thursday, as U.S.-China trade tensions continued to weigh on the stock markets. The Dow Jones Industrial Average retreated 138.97 points, or 0.54%, to 25,828.36. The S&P 500 fell 8.70 points, or 0.30%, to 2,870.72. The Nasdaq Composite slid 32.73 points, or 0.41%, to 7,910.59.

U.S. crude-oil prices declined Thursday, while global benchmark prices ended a few pennies higher, with escalation in the Sino-American trade spat raising the potential to dent energy demand. West Texas Intermediate crude for June delivery fell 42 cents, or 0.7%, to settle at $61.70 a barrel. July Brent crude added 2 cents, or 0.03%, to end at $70.39 a barrel.

Wynn Resorts Ltd. (WYNN) on Thursday reported first-quarter net income of $104.9 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Las Vegas-based company said it had profit of 98 cents. Earnings, adjusted for non-recurring costs, came to $1.61 per share. The results beat Wall Street expectations.