Indices closed in the red zone on Thursday. Boeing led decliners on the Dow while Wal-Mart led advancers. Meanwhile, Morgan Stanley and BB&T Corp. stepped up after reporting better-than-expected quarterly details. On another note, initial jobless claims decreased last week. Department of Labor data showed new claims dipped by 41,000 to 220,000. Looking elsewhere, crude oil prices climbed on a larger-than-expected drop in reserves. Energy Information Administration figures showed crude inventories fell by 6.9 billion barrels last week. For the session, West Texas Intermediate crude oil added 0.13% to settle at $64.05 a barrel.