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U.S. Stocks Soar as Oil Prices Sink Lower

Stock quotes in this article: GOOG , MSFT , LEH , ALU  

Updated from 8:04 a.m. EDT

Stocks in New York leapt out of the gate Tuesday, after a weaker-than-feared Hurricane Gustav failed to cause major oil-supply disruptions over the holiday weerkend, sending the price of crude substantially lower.

The Dow Jones Industrial Average soared 231 points to 11,774, and the S&P 500 jumped 17 points to 1300. The Nasdaq added 40 points to 2408.

As trading got underway for the Labor Day-shortened week, the price of crude oil was plummeting $8.29 to $107.17, after Gustav hit the Louisiana coast but largely spared New Orleans and energy-production facilities in the area. Gold was down $36.50 to $798.70. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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