(CNBC) U.S. stocks advanced in choppy trade Thursday, attempting to shake off pressure from further decline in oil prices, as investors awaited a possible Fed rate hike next week. ( Tweet This )
"What we really need is to see a market that can trade higher agnostic to oil prices," said Art Hogan, chief market strategist at Wunderlich Securities.
"Breaking that correlation with WTI ... that is a head turner," he said.
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The Dow Jones industrial average traded about 90 points higher after earlier jumping 200 points. Goldman Sachs, Boeing and Chevron contributed the most to gains. The Nasdaq composite briefly gained more than 1 percent, as Apple and biotech stocks rose.