US STOCKS-Wall Street closes higher but pares gains with oil slide

jueves 10 de diciembre de 2015 17:57 GYT

* Oil prices hover near 7-year lows

* Men's Wearhouse slumps on warning

* Investors await November retail sales

* Indexes up: Dow 0.47 pct, S&P 0.23 pct, Nasdaq 0.44 pct (Updates to close, adds commentary)

By Sinead Carew

Dec 10 (Reuters) - U.S. stocks closed higher on Thursday after a three-day decline but sharply pared gains late in the session as oil dropped to near seven-year lows and the strong dollar weighed on sentiment.

Major U.S. indexes have had a bruising week as a rout in oil prices made investors worry about economic growth.

Oil futures fell to fresh lows since 2009 as traders looked beyond a drop in U.S. crude stockpiles to focus on a global supply glut, while a stronger dollar weighed on commodities.

After settling down 1.1 percent, U.S. crude oil fell further, pushing the S&P well off its session highs. Investors are worried about a spill-over effect from oil to the rest of the economy and see a strong dollar hurting corporate earnings, said J.J. Feldman, portfolio manager at Los Angeles-based Miracle Mile Advisors.   Continuación...