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Wall Street Closing.

New York, Rabi'II 17, 1436, Feb 6, 2015, SPA -- U.S. stocks closed higher Thursday due to stabilization in the oil market.

In U.S. economic news, weekly jobless claims came in at 278,000, below estimates of 290,000 and above last week's 267,000 figure. Non-farm productivity fell a greater-than-expected 1.8 percent for the fourth quarter. The trade deficit for December widened sharply to its highest level since 2012. The number of planned layoffs by employers rose to a nearly two-year high in January as the energy industry slashed jobs in the face of falling oil prices.

In international economic news, the European Central Bank's announcement late Wednesday that revoked a waiver allowing banks to use Greek government debt as collateral for loans rattled stocks slightly before the close.

In corporate news, FireEye moved higher on news the IT security company had been hired to help health insurer Anthem investigate its massive cybersecurity breach. Social media giant Twitter will report after the bell, as will video game maker Activision Blizzard. Also reporting earnings after the bell, CME Group will be in focus after the group announced plans to close most of its futures trading pits in Chicago and New York City by July 2 on Wednesday.

The dollar edged lower against major world currencies. Light sweet crude oil for March delivery gained $2.03 to $50.48 a barrel on the New York Mercantile Exchange, while gold futures fell $1.80 to $1,262.70 an ounce.

The Dow Jones industrial average climbed 211.41, or 1.20 percent, to 17,884.43. The broader Standard & Poor's 500 index added 21.00, or 1.03 percent, to 2,062.52. The technology-heavy Nasdaq composite index increased 48.39, or 1.03 percent, to 4,765.10.

--SPA

10:49 LOCAL TIME 07:49 GMT

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Publication:Saudi Press Agency (SPA)
Date:Feb 6, 2015
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