Closing Bell: JetBlue Doubles Profit; Oil at Three-Week High

U.S. stocks ended Thursday's session higher, though not without a struggle as a rally in energy battled it out against a health care selloff.

Author:: Keris Alison Lahiff
Publish date:: Jan 28, 2016 4:36 PM EST

U.S. stocks ended the day higher, though not without a struggle. Markets veered between major surges and slight losses for much of the day as an energy rally battled it out against a health care selloff. Oil closed at a three-week high. Qualcomm (QCOM) shares tumbled after it issued a disappointing outlook for the current quarter. The wireless tech company blamed softer future sales on weaker demand for mobile chips. JetBlue (JBLU) slumped despite a better-than-expected quarter. The airline more than doubled its profit thanks to cheaper fuel and solid sales growth to close out last year. Facebook (FB) pulled the Nasdaq higher on Thursday as investors cheered the social network crossing $1 billion in quarterly profit for the first time. TheStreet's Keris Lahiff has details from Wall Street.