U.S. Stocks Close Higher

U.S. stocks closed up about 1 percent on Thursday,encouraged by stabilization in oil and shaking off concerns about Greece ahead of tomorrow’s all-important jobs report.

“The bullish factor is that oil prices have stabilized,” said Bruce Bittles, chief investment strategist at R.W. Baird. “Now that oil prices have stabilized (investors) are changing attitudes towards the global economy.”

The major indices recovered losses for 2015, with the Nasdaq gaining 0.61 percent for the year. The Dow Jones Industrial Average gained 0.35 for the year and the S&P 500 rose 0.18 percent for the year.


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