U.S. stocks closed higher Friday, boosted by a rise in oil prices and a jobs report that showed economic growth without forcing the Federal Reserve to raise interest rates, CNBC reported.
The S&P 500 rose for the first time in intraday trading since Jan. 6. The Dow Jones traded about 60 points higher as of 3:30 p.m. ET.
February saw 242,000 jobs created, well ahead of expectations, while the unemployment rate was unchanged at 4.9 percent. Some analysts said the report was generally supportive of stocks.
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The report helped crude oil gain, with futures trading at almost $36 a barrel, the best week for oil since August.