(September 2, 2008)--Key averages settled with modest declines Tuesday, failing to sustain a rally connected to a sharp drop in oil prices.
The Dow fell 26 points to 11,516.
The S&P 500 edged down 5 points to 1,277.
The Nasdaq composite lost 18 points to 2,349.
Advancers led decliners on the New York Stock Exchange by a 17 to 14 margin.
Volume on the NYSE came to 4.6 billion shares.
Nasdaq stock market volume was nearly 2 billion shares.
As traders reacted to indications that oil production capacity in the Gulf of Mexico was not heavily damaged from Hurricane Gustav, crude dropped $5.75 to settle at $109.71.
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