Closing Bell: Wedbush Backs Fitbit Growth; U.S. Stocks Snap Streak

Wall Street made its best effort to extend a three-day winning streak into a fourth session but last-minute moves toward the flatline weren't enough on Thursday. Stocks closed in the red after a pullback in crude prices pressured the energy sector. Retail stocks were under pressure after Restoration Hardware (RH) - Get Report issued disappointing guidance. Fellow home and furniture retailers Williams-Sonoma (WSM) - Get Report and Bed Bath & Beyond (BBBY) - Get Report sold off in sympathy. Fitbit (FIT) - Get Report climbed following a bullish analyst note from Wedbush Securities. The firm initiated coverage on the fitness tracker maker with an OUTPERFORM rating, noting that it sees user growth from accessory sales and corporate wellness programs. Under Armour (UA) - Get Report has enticed chief design officer Dave Dombrow back to the company just months after he left to join rival Nike (NKE) - Get Report . He has been behind some of Under Armour's most successful brands such as Stephen Curry's footwear line.