Stocks Rallies for Fifth Straight Session

U.S. stocks rallied on Thursday to notch its fifth straight session of gains, as investors shrugged off recent inflation worries. At close, the Dow Jones Industrial Average rose 306.88 points, or 1.23%, to 25,200.37. The S&P 500 added 32.57 points, or 1.21%, to 2,731.20. The Nasdaq Composite gained 112.81 points, or 1.58%, to 7,256.43.

Oil futures settled higher Thursday, reversing earlier losses, as dollar weakness continued. West Texas Intermediate crude for March delivery CLH8, +1.53% on the New York Mercantile Exchange rose 74 cents, or 1.2%, to close at $61.34 a barrel. A

Drugmaker Roche Holding AG (ROG.S) said on Thursday it would buy the rest of the privately held oncology data company Flatiron Health Inc for $1.9 billion to speed up development and delivery of breakthrough medicines for cancer patients.