Stocks retreated from the day's highs on new developments in the Trump-Russia saga. A Washington Post report alleges a senior White House adviser is now a person of interest, while a New York Times story said Donald Trump told Russian officials last week that firing FBI Director James Comey had relieved pressure on the investigation. Crude oil ended higher, driving gains in the energy sector. The commodity held in the green even as the number of active oil rigs in the U.S. rose for an 18th week in a row. Oil rigs climbed by eight. Autodesk (ADSK) rallied after positive earnings over its recent quarter. The stock also got a boost after Bank of America and RBC each lifted their price targets. Gap (GPS) surpassed analysts' estimates over its first quarter. Revenue held flat, though exceeded targets, while first-quarter same-store sales increased by 2%.
Scroll to Continue