U.S. stocks end lower in post-rally consolidation

4:30 pm ET May 17, 2007

DJIA

13,476

-10.81

S&P

1,512

-1.39

NASDAQ

2,539

-8.04

10Yr

4.76%

+0.048

U.S. stocks end lower in post-rally consolidation

NEW YORK
U.S. stocks ended lower Thursday, as investors consolidated some of the
previous session's strong gains, and with a surge in crude oil prices
offsetting upbeat outlooks from Hewlett-Packard Co. and JC Penney Co.
Inc.

Futures Movers: Gasoline futures close 4% higher, lifting crude to a
2-week high

SAN FRANCISCO
Reformulated-gasoline futures rallied more than 4% Thursday, leading
crude futures to close at their highest level since late April as
traders fretted about high-demand expectations for gasoline during the
summer-driving season.

Senators, Bush reach deal on immigration

WASHINGTON
Taking another run at one of the nation's most divisive political
issues, a bipartisan group of senators and the White House agreed
Thursday on a plan to overhaul the nation's immigration laws.