Stocks Rise, Oil Falls, As Syria Threat Fades
NEW YORK (AP) — Syria's decision to give up its chemical weapons is sending the U.S. stock market higher and the price of crude oil lower.
The Dow Jones industrial average rose 127 points, or 0.9 percent, to close at 15,191 Tuesday.
The Standard & Poor's 500 index rose 12 points, or 0.7 percent, to 1,684. The Nasdaq composite rose 22 points, or 0.6 percent, to 3,729.
The price of crude, which closed above $110 a barrel on Friday, lost $2.13, or 2 percent, to $107.39 a barrel.
Goldman Sachs, Nike and Visa rose after being added to the Dow average.
Apple fell $11.53, or 2 percent, to $494.64 after announcing two new iPhone models.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was heavier than usual.