Stocks Ended Slightly Higher, Oil Prices Dropped

U.S. stocks ended slightly higher on Thursday, as bond yields halted their slide. The Dow Jones Industrial Average advanced 43.47 points, or 0.17%, to 25,169.88. The S&P 500 rose 5.84 points, or 0.21%, to 2,788.86. The Nasdaq Composite gained 20.41 points, or 0.27%, to 7,567.72.

Oil futures dropped Thursday, after U.S. government data revealed a weekly decline in domestic crude stockpiles that was much less than expected. West Texas Intermediate crude for July delivery lost $2.22, or 3.8%, to settle at $56.59 a barrel. July Brent fell $2.58, or 3.7%, to $66.87 a barrel.

Uber (UBER) lost less money in the first quarter than Wall Street expected. In its first earnings report as a publicly-traded company, Uber posted an adjusted share loss of $2.26 per share on revenue of $2.6 billion during the first three months of the year. That compared with a profit of $1.84 on revenue of $2.58 billion in the comparable year-ago quarter.

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