NEW YORK: US blue chip stocks ended a hair lower on Thursday, retreating from earlier gains as oil prices resumed their climb and investors were unwilling to take large positions ahead of a long holiday weekend.
But the Nasdaq edged ahead, helped by stocks such as Internet media company Yahoo Inc, which rose 54 cents to US$31.41. Yahoo jumped 1.8% after the company’s board authorised a programme to repurchase up to US$3bil worth of its common stock over the next five years.
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