(NEW YORK) -- Despite high oil prices, stocks are seeing a turnaround after recent drops.
Futures are pointing to a solid gain at the open for stock averages and almost all overseas market averages are up. The boost came after stronger than expected job numbers in Wednesday's ADP payroll report.
The gains come as crude oil futures topped $101 a barrel.
Meanwhile, the government's February employment report is expected to come out Friday.
On another note, the federal reserve is offering fresh evidence that the U.S. economy is starting to pick up steam. The new Beige Book survey finds output expanded in all parts of the country in January and early February. One concern for a lot of businesses however, are rising prices.
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