Wall Street slipped to a weaker finish on soaring oil prices Wednesday, disappointing for a third-straight session.
The Dow was down 0.4%, to 12,527 Wednesday, while the Nasdaq lost 27 points, or 1.1%, to 2,322.
After closing bell, Internet portal Yahoo! (nasdaq: YHOO - news - people ) said it will begin a limited test of the AdSense for Search service operated by rival Google (nasdaq: GOOG - news - people ). Yahoo! said the two-week test will be limited to no more than 3% of its search queries and apply only to traffic from yahoo.com in the U.S.
Following the Yahoo! news, Microsoft (nasdaq: MSFT - news - people ) fired back Wednesday afternoon, as counsel said a Yahoo!/Google tie-up would conquer 90% of the ad search market and be unfair to competition, according to TradeTheNews.com.
Genentech (nyse: DNA - news - people ) is the biggest name on Thursday's earnings docket, with the biotech firm expected to report first-quarter earnings of 82 cents a share. During the quarter, the company's cancer therapy Avastin received Food and Drug Administration approval as a treatment for breast cancer.
Thursday is light on economic data other than reports on goods and services imports and exports for the month of February and the weekly reading on initial jobless claims.
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