U.S stocks ended lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. The Dow Jones Industrial Average fell 54.95 points, or 0.22%, to 24,713.98. The S&P 500 lost 2.33 points, or 0.09%, to 2,720.13. The Nasdaq Composite dropped 15.82 points, or 0.21%, to 7,382.47.
Crude-oil prices ended little changed on Thursday. June West Texas Intermediate crude settled unchanged at $71.49 a barrel. July Brent crude edged up by 2 cents to settle at $79.30 a barrel.
Chip gear maker Applied Materials Inc reported a 28.8 percent rise in quarterly revenue on Thursday. Net income rose to $1.13 billion, or $1.09 per share, in the second quarter ended April 29, from $824 million , or 76 cents per share, a year earlier. Net sales rose to $4.57 billion from $3.55 billion.
PayPal Holdings Inc <PYPL> is in advanced talks to buy Swedish payment group iZettle, Sky News reported on Thursday, citing sources familiar with the matter.
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