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