A pick-up in the price of crude oil helped stocks battle back from declines earlier in the day, allowing the Dow Jones Industrial Average to begin February with a nearly 200-point gain after a weak performance by equities in January.

The WWD Global Stock Tracker also bounced back from the largest decline in its history Friday, a 1.4 percent drop. The group of 100 international fashion, retail and beauty stocks made a less dramatic comeback, rising 0.1 percent to 109.67.

The price of a barrel of crude oil rose 3.1 percent to $49.72 amid signs that supplies are falling more in line with demand. That helped investors shrug off disappointing news from earlier in the day about reduced consumer spending in December and lower manufacturing output last month. The Dow ended the day up 196.09 points, or 1.1 percent, to close at 17,361.04 while the S&P 500 got back above the 2,000 mark, gaining 25.86 points, or 1.3 percent, to end the day at 2,020.85.

The S&P 500 Retailing Industry Group rallied 8.59 points, or 0.8 percent, to close at 1,038.89.

European markets were generally higher, with the DAX in Frankfurt rising 1.3 percent to 10,828.01 and both the FTSE 100 in London and CAC 40 in Paris ahead 0.5 percent to 6,782.55 and 4,627.67, respectively.

Leading tracker stocks, with a 7.5 percent advance to $2.01, was Quiksilver Inc., followed by Luen Thai Holdings Ltd.’s 5.3 percent move up to 1.58 Hong Kong dollars, or 20 cents at current exchange. Avon Products Inc. shares were up 4.9 percent to $8.12, followed by 4.5 percent gains from Yoox.com, to 20.04 euros, or $22.62, and I.T Ltd., to 2.08 Hong Kong dollars, or 27 cents.

Outside the tracker group, shares of Lands’ End Inc. rose 0.7 percent to $34.93 after the firm named Federica Marchionni, currently president of Dolce & Gabbana US, as its new chief executive officer, succeeding Edgar Huber, who’d held the post since 2011 and during its separation from Sears Holdings Corp. and subsequent re-listing as a public company in April.

The largest decline among tracker stocks came from Li Ning Co., off 9.4 percent to 3.08 Hong Kong dollars, or 40 cents, followed by Shiseido Co.’s 5.4 percent drop to 1,796.50 yen, or $15.30. The Bon-Ton Stores Inc. was down 3.1 percent to $5.31 and Guess Inc. down 2.9 percent to $18.23. Pandora A/S dropped 2.7 percent to 459.90 Danish kroner, or $68.94.

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