NEW YORK (Reuters) - 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.
U.S. weekly jobless claims data showed further deterioration in the labor market.
New York crude oil futures 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)
