As a result, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.6 basis points to 2.194 percent. The contract slid $2.47, or 5.1 percent, to close at $45.72 per barrel on Wednesday. The Dow Jones Industrial Average and the S&P 500 initially turned negative following the report, but reduced more modest gains to trade near break-even levels. The testimony, Comey's first public statements since his May 9 dismissal, was likely to bring hours of uncomfortable attention to an administration shadowed for months by an investigation into ties between the Trump campaign and Russian Federation.
Wall Street gained, while oil prices fell on a government report showing a buildup in United States crude stockpiles.
Speculation that the Federal Reserve may raise its key interest rate at a meeting of policymakers next week likely helped lift the sector on Wednesday, said Davidson. Utilities and real estate companies were among the biggest decliners. The stock indexes continued to trade in a narrow range throughout the hearing, the public portion of which wrapped around midday. Rig operator Transocean gave up 32 cents, or 3.5 percent, to $8.78.
In U.S. corporate news, Nordstrom +16% on headlines that it is exploring the possibility of going private, and Alibaba +11% after issuing encouraging guidance at its Investor Day. Like Macy's and other big department store chains, Nordstrom has struggled to cope with competition from online retailers. Benchmark U.S. crude was down $1.94, or 4 percent, at $46.25 per barrel in NY.
STRONG QUARTER: Verint Systems rose 3.3 percent after the maker of software for analyzing intercepted communications had a strong first quarter. Shares in the Chinese e-commerce company gained $16.70, or 13.3 percent, to $142.34. Helmerich & Payne fell $3.20, or 6 percent, to $50.10.
Urban Outfitters slid 10.3 percent after the retailer said sales at older stores are running lower than expected this month.
Oil prices dropped, sliding more than 4 percent after an Energy Information Administration report showed USA crude inventories unexpectedly rose last week and fuelled concern about the global glut.
On the other hand, gold stocks showed a substantial move to the downside, dragging the NYSE Arca Gold Bugs Index down by 1.8 percent. The Energy Information Administration reported that crude-oil inventories climbed by 3.3 million barrels last week, larger than analysts' expectations.More news: Caterine Ibargüen, segunda en la Liga de Diamante de Roma
CURRENCIES: The dollar rose to 110.03 yen from Wednesday's 109.83 yen.
In the bond market, treasuries have come under pressure over the course of the session. The euro strengthened to 1.2583 from $1.1252. Heating oil rose 1 cent to $1.42 per gallon. Natural gas dipped 2 cents to $3.02 per 1,000 cubic feet.
Among the major miners, BHP Billiton is down 0.6 percent, Rio Tinto is losing nearly 1 percent and Fortescue Metals is declining more than 1 percent as iron ore prices declined overnight. Silver lost 21 cents, or 1.2 percent, to $17.41 per ounce. The 10-year Treasury yield held rose to 2.20 percent from 2.18 percent late Wednesday. Copper gained 6 cents, or 2.3 percent, to $2.61 per pound.
World stock benchmarks were firm Thursday as investors parsed economic data and awaited market-moving events in Europe, including Britain's general election and a European Central Bank meeting.
QUOTEWORTHY: "I think that the European Central Bank meeting and the United Kingdom election are the risk events that will produce the big moves today", said Hussein Sayed, chief market strategist at FXTM. Germany's DAX rose 0.3 percent, while France's CAC 40 was 0.2 percent lower.
In Asia, Japan's Nikkei ended -0.4% while China's Shanghai Composite closed +0.3%.
The UK's FTSE 100 Index dropped 0.6 percent. Hong Kong's Hang Seng rose 0.3 percent. Australia's S&P/ASX 200 shed 0.2 percent to 5,658.70.