U.S. stocks rose sharply on Thursday, led by economically sensitive sectors like materials, energy and technology. The Dow Jones Industrial Average jumped 110.24 points, or 0.62%, to 17,972.38. The S&P 500 added 19.95 points, or 0.96%, to 2,088.48. The Nasdaq Composite added 56.43 points, or 1.18%, to 4,857.61.
Retail sales fell in January for the second month in a row as consumers appeared to pocket most of the savings from sharply lower gasoline prices.Retail sales declined by a seasonally adjusted 0.8% last month after a 0.9% drop in December, the government said Thursday.
Greece and Germany are pursuing a deal on the conditions required to continue the Greek bailout as each side signals a willingness to compromise, according to government officials taking part in the talks.
Oil futures settled higher on Thursday. Crude-oil futures for delivery in March rose $2.37, or 2.4%, to settle at $51.21 a barrel on the New York Mercantile Exchange.
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