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RTRS: Wall St rebounds as oil gains offset data
 
U.S. stocks turned positive on Thursday as a jump in oil prices lifted energy shares, more than offsetting unease about data showing a worsening labor market.

* A report showed U.S. business inventories fell 1.1 percent in January. For more see [ID:nN11283326].

* U.S. weekly jobless claims data showed further deterioration in the labor market. [ID:nN12352975].

* New York crude oil futures CLc1 jumped 4 percent.

The Dow Jones industrial average .DJI gained 42.29 points, or 0.61 percent, to 6,972.69. The Standard & Poor's 500 Index .SPX rose 5.66 points, or 0.78 percent, to 727.02. The Nasdaq Composite Index .IXIC added 2.88 points, or 0.21 percent, to 1,374.52. (Reporting by Rodrigo Campos; Editing by James Dalgleish)
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