The Dow Jones Industrial Average and S&P 500 ended in the red as worries over economic growth in the first quarter persisted. The Dow did manage to end with its best weekly gains, though, benefiting from positive earnings throughout the week. Oil prices closed slightly higher, though ended April with a second monthly decline in a row. West Texas Intermediate crude for June delivery lost 3.4% over the month. Prices have been under pressure on worries OPEC may not extend its production cap agreement. Expedia (EXPE) fell as adjusted earnings missed analysts' estimates. Gross bookings increased 14%, while room night stayed grew 12%. Starbucks (SBUX) declined after revenue and comparable sales fell short of estimates. Global comparable store sales increased by 3%, missing a target of 3.6% growth.
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