Stocks Mostly Higher as Oil Dives Toward Prewar Levels

U.S. indexes pared early gains, with the Nasdaq composite down slightly after declining 4% over the past two days.

U.S. New Home Sales Fell in May

Sales of new U.S. single-family homes fell to 580,000 in May, from 626,000 in April, compared with economists' expectations of 632,000 sales in May.

U.S. Crude Oil Inventories Fall, Product Stocks Rise