(CNBC) U.S. stocks closed higher Friday, shaking off pressure from low oil prices, after encouraging reports on domestic employment and manufacturing.
The Dow Jones industrial average closed up more than 100 points at its highest since Dec. 4, 2015. Goldman Sachs contributed the most to gains, while Chevron and Exxon Mobil contributed the most to declines on the index, which fell as much as 117 points in morning trade.
"I think the combination of a solid jobs report and better manufacturing has helped the market move higher," said Kate Warne, investment strategist at Edward Jones.
Advertisement - story continues below