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Stocks Headed for More Gains

Futures are pointing to a higher open for blue chips and tech stocks.

Stock futures were pointing to a higher open Thursday as the

Dow Jones Industrial Average

geared up to make another run at history.

Futures on the

S&P 500

were adding 1 point at 1348.50, about 4 points above fair value. Nasdaq 100 futures were gaining 1 point to 1678.50, nearly 7 points ahead of fair value.

On Wednesday, rising oil prices pressured the Dow late, and the index ended about 34 points below its best-ever close. By the finish of trading, the Dow had gained 19.85 points, or 0.17%, to 11,689.24. The S&P 500 ticked up 0.25 point, or 0.02%, to 1336.59, and the

Nasdaq Composite

ended ahead by 2.05 points, or 0.09%, to 2263.39.

For the Dow, its top close was just under 11,723 on Jan. 14, 2000. The all-time intraday mark of around 11,752 was set two days before the record finish.

Though the index ventured above 11,700 during the session, jumping crude futures put a dent in the rally. Oil rose $1.95 to $62.96, and was lately following that move with another 23-cent gain to climb above $63 a barrel.

Other commodities were also stronger. Gold was rising $6.90 to $610.20 an ounce, and silver was up 12 cents at $11.82 an ounce.

After the close,


(AMGN) - Get Amgen Inc. Report

said the Food and Drug Administration approved its colorectal cancer drug Vectibix, a product for which the company has high hopes. Analysts believe the drug could put pressure on sales of Erbitux, the colon cancer treatment from

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To view Sandy Brown's video take on today's market, click here