Stocks Rise As Syrian Threat Fades

NEW YORK (September 10, 2013)-- Syria's decision to give up its chemical weapons sent stocks higher at the close Tuesday 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 end at 1,684.

The Nasdaq composite rose 22 points, or 0.6 percent, to close at 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 they were 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 where volume was heavier than usual.


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