Closing Bell: Pandora Plans U.S. Job Cuts; Nasdaq Scores Another Record

The Nasdaq scored another record close for the fourth time this week as health care stocks rebounded from earlier selloffs. The S&P 500 also sported gains, while the Dow Jones Industrial Average saw slight losses. Crude oil ended the week with the worst losses in a month despite a welcome decline in the number of active oil-drilling rigs in the U.S. The drop was the first in 11 weeks. Infosys  (INFY) - Get Report slumped after lowering its sales guidance for its fiscal year. The India-based IT company also warned of potential changes to the H1-B visa under a Trump administration. The visa class applies to specialized workers. Pandora (P) rallied after reaching a total 4.3 million paid subscribers in December. The music streaming company also announced plans to cut its U.S. workforce by roughly 7%.