US stocks closed higher on Thursday after a three-day decline but sharply pared gains late in the session as oil dropped to near seven-year lows and the strong dollar weighed on sentiment.
The Dow Jones industrial average rose 82.45 points, or 0.47 percent, to 17,574.75, the S&P 500 gained 4.61 points, or 0.23 percent, to 2,052.23 and the Nasdaq Composite added 22.31 points, or 0.44 percent, to 5,045.17.
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