U.S. stocks ended lower on Thursday amid new developments that could raise tensions between the U.S. and China. The Dow Jones Industrial Average fell 147.63 points, or 0.58%, to 25,400.64. The S&P 500 shed 6.40 points, or 0.21%, to 3,029.73. The Nasdaq Composite retreated 43.37 points, or 0.46%, to 9,368.99.
Oil futures reversed early losses to trade with strong gains Thursday, waving off data that showed an unexpected rise in U.S. crude inventories as traders focused on a fall in gasoline stocks. West Texas Intermediate crude for July delivery rose 90 cents,or 2.7%, to finish at $33.71 a barrel, while August Brent crude gained 55 cents per barrel, or 1.6%, to finish at $35.29 a barrel.
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