United States stocks close higher amid data, earnings

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"The Bubba Show" host Todd Horwitz says if the 10-year treasury yield goes over 3%, while the dollar remains strong, it will bring down the markets.

HEALTH STOCKS QUEASY: Cardinal Health, which distributes prescription drugs, also had a smaller-than-expected profit and slashed its forecast for the rest of the year.

The Nasdaq composite dipped 12.75 points, or 0.2 percent, to 7,088.15. Comcast rose 2.8 percent and Disney climbed 2 percent.

The Dow Jones 30 fell significantly during the trading session on Thursday, breaking through a major uptrend line at one point during the afternoon, as we continue to see a lot of noise in this market.

ENERGY: Benchmark U.S. crude fell 0.7 percent to $67.45 barrel in NY while Brent crude, the global standard, lost 1 percent to $72.62 per barrel in London.

LOSING THE BEAT: Spotify sank after reporting quarterly results for the first time since becoming a publicly traded company in early April. But investors haven't found much to get excited about the last couple of days as they worry about trade tensions and the possibility that growth in company profits has peaked. All 11 sectors in the S&P 500 advanced, with technology leading and consumer goods, financials, industrials and materials all rising more than 1 percent.

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Warne, of Edward Jones, said she still expects stocks to rise this year because of continued economic and profit growth.

The Canadian dollar was trading at 77.75 cents United States, down 0.06 of a USA cent. Analysts felt the two sides aren't likely to have a big breakthrough in the two-day meeting.

Tesla Inc shares fell 5.6 percent after Chief Executive Officer Elon Musk cut off analysts asking about the company's profit potential, despite promises that production of the troubled Model 3 electric vehicle was on track. Some experts are wondering if Tesla will be able to pay all of its bills because of the repeated losses. Cereal and Pop Tart maker Kellogg rose 2.2 percent to $57.87 after its profit and sales topped analyst projections. That was its highest price since December 2014. On Wednesday, the Fed left rates unchanged but said inflation has moved closer to its 2-percent target. Heating oil slipped 0.4 percent to $2.11 a gallon.

The Dow Jones industrial average rose 228 points, or 1 percent, to 24,157. Silver added 0.4 percent to $16.45 an ounce. The euro sipped to $1.1975 from $1.1988.

Germany's DAX fell 0.9 percent and Frances CAC 40 shed 0.5 percent. JPMorgan Chase lost 1 percent and drugmaker Merck gave up 0.9 percent. Japanese markets were closed for a holiday.