Stocks Close Modestly Higher
Dow, S&P 500, Nasdaq all edge up
By Newser Editors and Wire Services
Posted Mar 3, 2016 3:19 PM CST
In this Thursday, Feb. 28, 2013, file photo, a pair of specialists confer at the post that handles Herbalife on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are notching another day of modest gains as the energy sector continues to recover from an ugly start to the year. Energy companies are coming back into favor as the price of oil stabilizes after a nearly two-year decline. On Thursday the sector erased all of its losses from the beginning of the year. Marathon Petroleum climbed almost 8%, while ConocoPhillips gained 6%. The Dow Jones industrial average edged up 44 points, or 0.3%, to 16,943. The Standard & Poor's 500 index rose seven points, or 0.4%, to 1,993. The Nasdaq composite inched up four points, or 0.1%, to 4,707.