Gold futures for April delivery added 60 cents to settle at $1,578.60 an ounce at the Comex division of the New York Mercantile Exchange, while futures for April crude oil contracts slid $2.38 cents to close at $92.84 a barrel.
The benchmark 10-year Treasury popped 10/32, diluting the yield to 1.979%. The dollar was jumping 0.33%, according to the U.S. dollar index.
In corporate news, Tesla Motors (TSLA) reported a fourth-quarter adjusted loss of 65 cents a share on $306 million in revenue. Consensus among analysts expected a fourth-quarter loss of 53 cents a share on $298.9 million in revenue. Shares of the electric-car maker tumbled 8.8% on Thursday.
Chesapeake Energy (CHK) was anticipated to post fourth-quarter earnings of 14 cents a share for its fourth quarter. The second-largest U.S. producer of natural gas earned 58 cents a share a year earlier. Shares dropped 0.3%.New York Times (NYT) said Wednesday that it was putting the Boston Globe up for sale a second time. Shares of the media company were down 1.4% on Thursday. Safeway (SWY) was slated to report fourth-quarter earnings Thursday. Analysts were looking for the grocery-store chain to post a profit of 76 cents a share on revenue of $13.7 billion. Shares surged 14%. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux