Closing Bell: Stocks End Mixed, UBS Downgrades L Brands on Same-Store Sales Woes

U.S. stocks ended mixed as a rally in consumer and health care countered the drag from the energy and materials sectors. Exxon Mobil (XOM) - Get Report and Chevron (CVX) - Get Report weighed on the Dow. Allergan (AGN) - Get Report led health care stocks higher after reporting positive results for a late-stage clinical trial for the treatment of uterine fibroids. JD.com (JD) - Get Report fell after a disappointing first quarter. China's second largest e-commerce company reported a nearly 50 percent increase in quarterly sales, though that did come in slightly below forecasts. UBS analysts grew less bullish on L Brands (LB) - Get Report as the owner of Victoria's Secret faces sluggish same-store sales for the full year. The firm downgraded its stock to NEUTRAL from BUY and lowered its 2016 sales growth estimate to three percent from five percent.