NEW YORK, N.Y. – Stocks made modest gains on Thursday as the market once again turned higher in the late afternoon. Energy stocks lead the way as investors continue to hope that oil prices have stabilized after almost two years of steep declines.
The Dow Jones industrial average gained 44.58 points, or 0.3 per cent, to 16,943.90.
The Standard & Poor’s 500 index edged up 6.95 points, or 0.4 per cent, to 1,993.40.
The Nasdaq composite index added 4 points, or 0.1 per cent, to 4,707.42.
For the week:
The Dow has picked up 303.93 points, or 1.8 per cent.
The S&P 500 has risen 45.35 points, or 2.3 per cent.
The Nasdaq has jumped 116.95 points, or 2.6 per cent.
For the year:
The Dow is down 481.13 points, or 2.8 per cent.
The S&P 500 is down 50.54 points, or 2.5 per cent.
The Nasdaq is down 299.99 points, or 6 per cent.