(CNBC) U.S. stocks gained Thursday, bouncing back from a two-day rout, after the price of U.S. crude reversed higher, easing concerns for investors looking for oil prices to steady, and Federal Reserve Chair Janet Yellen's reported comments offset rate worries.
"Stabilization in the energy commodity, that's going to help everybody psychologically," Art Hogan, chief market strategist at Wunderlich Securities.
Published reports of Yellen's comments to lawmakers on Capitol Hill Thursday cushioned what some interpreted as a hawkish tone to a Fed release Wednesday afternoon, said Mark Luschini, chief investment strategist at Janney Montgomery.
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The market was "trendless early on until those remarks were fed through the marketplace," Luschini said.