US STOCKS-Wall St buoyed by oil after claims data, Pfizer deal
* Pfizer to buy Hospira for about $15 billion
* Michael Kors tumbles after results, outlook
* Crude climbs to push energy shares higher
* Indexes up: Dow 0.8 pct, S&P 0.76 pct, Nasdaq 0.62 pct (Updates late morning)
By Chuck Mikolajczak
NEW YORK, Feb 5 (Reuters) - U.S. stocks rallied on Thursday after an upbeat report on the labor market, a continued rise in oil prices and news Pfizer would buy Hospira in a massive deal.
Weekly jobless claims rose less than expected last week. The report comes on the heels of a private payrolls report that fell short of expectations on Wednesday and ahead of a monthly employment report on Friday.
Oil prices bounced from the prior session's selloff, with U.S. crude up 5.3 percent to $51.04 and Brent up 4.9 percent to $56.81. The S&P energy index jumped 1.5 percent.
"It seems like the (energy) stocks are trading with the fundamentals, they are not richer than the fundamentals, so maybe we have some 'up' opportunity here," said Terry Morris, senior equity manager for National Penn Investors Trust Company in Reading, Pennsylvania. Continuación...