Closing Bell: Expedia Jumps on Surprise Profit; U.S. Stocks Slide

Apple (AAPL) - Get Report pulled broader markets lower as it suffered a three-day selloff. Shares of the world's largest company have fallen more than 11 percent since the beginning of the week after reporting its first sales decline in 13 years. Crude oil pared Friday's losses after the number of active U.S. rigs drilling for crude fell for their sixth week in a row. West Texas Intermediate ended just under $46 a barrel, around the year's highs, after surging nearly 20 percent in April. Expedia (EXPE) - Get Report jumped after posting surprise quarterly profit thanks to a series of acquisitions. The world's largest online travel company bought Orbitz and Travelocity last year. Revenue jumped nearly 40 percent in the first quarter. Seagate Technology (STX) - Get Report reported a 22 percent decline in quarterly sales.