Closing Bell: Crude Plummets This Week; U.S. Stocks Climb on Healthy Jobs Report

Stocks briefly dipped before reclaiming slight gains to end the week. A solid U.S. jobs report was the main reason behind an upbeat mood on Wall Street. Investors also looked ahead to next week's Federal Reserve meeting. Worries over ballooning domestic supply in crude oil pummeled the commodities market again. The number of active drilling rigs in the U.S. climbed by 12 in the past week, its eighth gain in a row. Crude was down more than 9% for the week. Caterpillar (CAT) - Get Report rose after denying allegations it had broken tax laws in the period from 2007 to 2012. The IRS raided its offices last week in an investigation tied to those allegations. Alaska Air (ALK) - Get Report rose after reporting a 1.7% increase in revenue passenger miles in February. Capacity and load factor also rose last month.