Thirty-six stocks were added to the consumer discretionary sector of the Russell 2000 in this year's reconstitution of the small-cap index, while 50 were removed.

Nine companies in the consumer discretionary sector are being to be added to the Russell 1000 in this year's reconstitution of the large stock index, while 13 in the sector are being removed.

If the jobs report and other data confirm the past week's decent numbers and if oil doesn't throw a wrench in the works, stocks could start June on a strong note.

Stocks closed at their highs for the day after bouncing up and down throughout the session.

U.S. retailers experienced sluggish sales in February, hurt by a weakening economy, high gasoline prices and discounts, according to a study released Wednesday by SpendingPulse.