US stocks end higher helped by late surge

NEW YORK (AFP) - US stocks erased early losses to end solidly high on Thursday, helped by a rally in oil prices.

The Dow Jones Industrial Average finished up 212.30 points (1.29 per cent) at 16,697.29.

The broad-market S&P 500 added 21.90 points (1.13 per cent) at 1,951.70, while the tech-rich Nasdaq Composite rose 39.60 (0.87 per cent) to 4,582.21.