(CNBC) — U.S. stocks closed slightly higher on Wednesday, amid a sharp rebound in oil prices, while the Dow snapped a seven-day slide.
"Investors are in a wait-and-see mode ahead of the jobs report," said Adam Sarhan, CEO at Sarhan Capital, noting that a strong report could provoke a sell-off, as it raises the possibility of a Federal Reserve rate hike. The jobs report is due Friday morning.
The Dow Jones industrial average closed about 40 points higher. Goldman Sachs and Apple contributed the most gains on the Dow. The S&P 500 ended 0.3 percent, led higher by financials and energy, and the Nasdaq outperformed, rising about 0.4 percent higher as Apple rose 1 percent.
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