NEW YORK (AA) – Wall Street closed mixed Thursday with rising oil prices and weak macroeconomic data.
The Dow Jones fell nine points to 17,660. The S&P 500 was at 2,050, while the Nasdaq was down eight points to close at 4,717.
Oil prices were on the rise as an uncontrolled wildfire in Canada continued for a second day, increasing concerns about a secure oil supply from the country.
West Texas Intermediate was up 1.3 percent to trade at $44.36 per barrel when the market closed. Brent crude traded at around $45.08 – a 1 percent increase.
Meanwhile, 274,000 initial jobless claims reported be the Labor Department were higher than the 260,000 expected by analysts.
And Twitter saw its shares fall by 5 percent while oil and gas firm Apache Corp.’s stock rose 7.5 percent.
