Stocks Ended Mixed, Oil Prices Fell

U.S. stocks ended mixed on Wednesday after news that an initial trade deal between the U.S. and China might be put off until December. The Dow Jones Industrial Average edged lower 0.07 point, to 27,492.56. The S&P 500 added 2.16 points, 0.07%, to 3,076.78. The Nasdaq Composite was down 24.05 points, or 0.29%, to 8,410.63.

Oil futures finished lower on Wednesday after U.S. government data revealed that domestic crude supplies rose for a second week in a row, by nearly 8 million barrels. West Texas Intermediate crude for December delivery fell by 88 cents, or 1.5%, to settle at $56.35 a barrel. January Brent crude dropped $1.22, or 1.9%, to $61.74 a barrel.

Roku (ROKU), a maker of video-streaming hardware, reported an adjusted loss of $26.5 million, or 22 cents a share, compared with a loss of $9.5 million, or 9 cents a share, in the year-ago period. Revenue did jump 50% to $260.9 million, from $173.4 million a year ago.

Qualcomm Inc (QCOM) beat analysts’ estimates for fourth-quarter revenue on Wednesday. Qualcomm reported adjusted fiscal fourth-quarter earnings per share of 78 cents, above the 71 cents Wall Street had expected. Revenue of $4.8 billion was roughly in line with expectations of $4.76 billion.

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