U.S.MARKET UPDATE

U.S. stocks closed higher on Thursday, with energy shares leading the advance as crude oil rebounded off a sharp decline, while investors bet that companies would top lowered expectations this earnings season.

The Dow Jones industrial average rose 56.22 points, or 0.31 percent, to 17,958.73, the S&P 500 gained 9.29 points, or 0.45 percent, to 2,091.19 and the Nasdaq Composite added 23.74 points, or 0.48 percent, to 4,974.57.

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