Stocks ended a choppy session on Wall Street in positive terrain after struggling to find direction. The Fed minutes from the March meeting, when the word ‘patient’ was dropped from the statement showed policymakers were split on when to raise interest rates. Oil took a decisive turn to the downside. Crude settled 6.6% lower at $50.42 a barrel on a jump in inventories. Big Oil took a big hit with Chevron (CVX) and Exxon Mobil (XOM) weighing on the blue chips. Mylan (MYL) led the S&P 500 higher after proposing a buyout. The global pharmaceutical company is bidding to buy Perrigo (PRGO), which confirmed the unsolicited offer. Shares of Lions Gate Entertainment (LGF) tumbled. Investors did not like hearing its largest shareholder is selling 10 million shares in a secondary stock offering.
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