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How the Dow Jones industrial average fared on Thursday

NEW YORK — U.S. stocks rose Thursday as the price of oil climbed for the third day in a row as investors hope for cuts in production. Tech stocks traded higher, led by PayPal and Facebook. Drugmakers fell.

On Thursday:

The Dow Jones industrial average gained 125.18 points, or 0.8 percent, to 16,069.64.

The Standard & Poor’s 500 index rose 10.41 points, or 0.6 percent, to 1,893.36.

The Nasdaq composite index added 38.51 points, or 0.9 percent, to 4,506.68.

For the week:

The Dow has fallen 23.87 points, or 0.2 percent.

The S&P 500 has lost 13.54 points, or 0.7 percent.

The Nasdaq has declined 84.50 points, or 1.8 percent.

For the year:

The Dow is down 1,355.39 points or 7.8 percent.

The S&P 500 is down 150.58 points, or 7.4 percent.

The Nasdaq is down 500.73 points, or 10 percent.

In related news, US stocks open higher despite sluggish economy.

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