Closing Bell: Wall Street Falls for Second Day; Crude Oil Settles Lower

Stocks close down Thursday as markets adjust to mixed economic data and the financial sector slumps.
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Stocks closed lower Thursday, paring earlier losses, as investors adjust to mixed economic data, crude inventories increased and financial stocks fell. The U.S. Energy Information Administration's weekly petroleum status report showed that last week crude oil inventories rose by 600,000 barrels, less than estimated. Both West Texas Intermediate crude oil and Brent crude, the global benchmark, ended the day lower. General Cable (BGC) shares rose after saying it was fined $82.3 million by the SEC and the Department of Justice to close investigations into violations of the U.S. Foreign Corrupt Practices Act. Endologix(ELGX) - Get Report soared after the aortic disorder-treatment developer said it would resume shipments of AFX, one of its best-selling devices, citing "positive testing results." This comes after the stock tumbled earlier this week, when the company said it would suspend shipments to investigate a manufacturing problem with certain sizes of the product.