Wall Street today: US stocks edge lower, investors focus on earnings & economic data


US stocks edged lower on Thursday, as investors focused on corporate earnings and economic data.

At the opening bell, the Dow Jones Industrial Average fell 43.2 points, or 0.10%, to 44,113.55. The S&P 500 fell 10.1 points, or 0.17%, to 6,076.32​, while the Nasdaq Composite dropped 102.4 points, or 0.51%, to 19,906.988.

Crude oil

Oil was steady near $79 a barrel after an industry report showed the first gain in US crude stockpiles since mid-November.

US crude inventories rose by 1 million barrels last week and fuel stockpiles surged, the American Petroleum Institute reported, according to a document seen by Bloomberg.

Bullion

Gold prices dipped on Thursday after hitting a near three-month high in the previous session.

Spot gold was down 0.4% at $2,744.49 per ounce by 1246 GMT. US gold futures shed 0.7% to $2,751.20. Spot silver dropped 1.5% to $30.33.



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