U.S. stocks closed broadly higher on Thursday, led by gains in oil and gas companies as the price of crude turned higher. The gains came a day after the market had its worst drop since September. It was a reprieve for the energy sector, which has been battered in recent months as crude oil prices plunged.
The Dow Jones industrial average rose 227.64 points, or 1.4 percent, to 16,379.05.
The S&P 500 index gained 31.56 points, or 1.7 percent, to 1,921.84.
The Nasdaq composite climbed 88.94 points, or 2 percent, to 4,615.
For the week:
The Dow is up 32.60 points, or 0.2 percent.
The S&P 500 is down 0.19 points, or 0.01 percent.
The Nasdaq is down 28.63 points, or 0.6 percent.
For the year:
The Dow is down 1,045.98 points, or 6 percent.
The S&P 500 is down 122.10 points, or 6 percent.
The Nasdaq is down 392.41 points, or 7.8 percent.