(August 26, 2008)--Stocks settled mixed at the close of trading Tuesday.
The Dow gained nearly 27 points to 11,412.
The S&P rose 4 and a-half points to 1,271.
The Nasdaq fell 3 and a-half points to 2,361.
Advancing issues outnumbered decliners by a 3 to 2 margin.
Volume on the NYSE came to 3.4 billion shares.
Nasdaq stock market volume was 1.4 billion shares.
Crude oil settled up $1.16 at $116.27.
The rising oil prices tempered the market's reaction to a better-than-expected reading on consumer sentiment.
The Conference Board said its consumer confidence index rose to 56.9 in August, which was above analysts' expectations, but crude prices surged as traders worried that Hurricane Gustav would hit oil installations in the Gulf of Mexico, and that weighed on the market throughout the day.
Meanwhile, the Federal Reserve's release of minutes from its Aug. 5 meeting showed the central bank is concerned about creeping inflation.
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