CNBC | Dow closes up 200, S&P gains 1% as oil rises CNBC U.S. stocks closed higher Thursday, extending the previous day's massive intraday reversal as oil prices rose. The major averages rallied into the close, with the S&P 500 rising 1 percent to top the 1,950 level many analysts consider a resistance level. Stocks rally as oil rebounds on talk of March meeting of oil producers US Stocks Climb, Along With Oil Prices US stocks rise with oil prices |