The Dow and S&P Closed Narrowly to the Downside on Mixed Economic Data and Oil’s Drop

U.S. markets closed mostly lower with just the Nasdaq managing to hold onto gains. The Dow and S&P both closed narrowly to the downside on mixed economic data and a drop in oil prices. Crude futures fell nearly 5.5% to settle at $48.17 a barrel. Time Warner Cable (TWC) and Comcast (CMCSA) fell on Net Neutrality passing on Thursday. The FCC’s new rule will restrict Internet providers from controlling download speeds. Tech giant Google (GOOG) contributed to the Nasdaq ending in positive territory. Shares spiked better than 2.13% on its investment in SolarCity’s (SCTY) fund to finance residential solar projects. Sears Holdings was a big decliner. Shares dropped after it reported continuing decline in sales at both its Sears and Kmart stores.

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