S&P Near Session Highs; Focus Turns to Tomorrow's Dec. Jobs Print (SPY) (QQQ)

January 8, 2015 1:48 PM EST

The S&P rallied Thursday, gaining 1.75% intraday as oil prices stabilized and European markets were boosted on hopes of stimulus from the ECB. Today's gains reverse recent losses, pushing the DJIA into the green for the year ahead of tomorrow's important December jobs report. Consensus estimate is for a gain of 240,000 new jobs. The unemployment rate is expected to decline to 5.7% from 5.8%.

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