The markets closed lower with the Dow losing 46 points to 18,479 even as jobless claims unexpectedly dropped. Nasdaq fell 24 points to 5,259.
On the upside
Rising crude oil prices lifted shares of Bonanza Creek Energy (NYSE: BCEI).
Clovis Oncology (Nasdaq: CLVS) stock surged after Gilead Sciences (Nasdaq: GILD) expressed interest in possibly investing in a poly ADP-ribose polymerase inhibitor.
Chesapeake Energy (NYSE: CHK) said that capital expenditures have plunged and that it has slashed cash costs per barrel during a presentation at a Barclay's conference this morning.
On the downside
Shares of AMD (Nasdaq: AMD) extended its losses.
Shares of QVC (Nasdaq: QVCA) fell after presenting at the Goldman Sachs 23rd Annual Global Retailing Conference this morning.
Supervalu (NYSE: SVU) cut its full year guidance.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 lost 4 points to 2,181. Bitcoin climbed $13 to $624.
