Stocks Ended Mixed amid Earnings

U.S. stocks closed mixed on Thursday, with the Dow pinned lower by a tumble in shares of 3M, amid a flurry of corporate quarterly results rolling out on Wall Street. The Dow Jones Industrial Average fell 28.42 points, or 0.11%, to 26,805.53. The S&P 500 gained 5.77 points, or 0.19%, to 3,010.29. The Nasdaq Composite added 66.00 points, or 0.81%, at 8,185.80.

Oil futures moved higher on Thursday, settling at a nearly one-month high, finding continued support from an unexpected weekly decline in U.S. crude supplies as global producers looked to rein in output. December West Texas Intermediate crude rose 26 cents, or 0.5%, to settle at $56.23 a barrel. Brent crude for December added 50 cents, or 0.8%, to close at $61.67 a barrel.

Amazon (AMZN) reported third quarter earnings on Thursday that missed on profit but exceeded Wall Street’s revenue expectations. It reported third-quarter profit of $2.1 billion, or $4.23 a share, on sales of $69.98 billion. Sales rose from $56.58 billion a year ago.

Visa Inc (V) reported a 6.3% rise in fourth-quarter profit on Thursday, helped by growth in overall customer spending. The company’s net income rose to $3.03 billion, or $1.34 per Class A share, in the quarter ended Sept. 30 from $2.85 billion, or $1.23 per Class A share, a year earlier. Net revenue rose 13% to $6.14 billion.