NEW YORK, Aug. 17 (UPI) -- Collapsing crude oil prices Wednesday lifted stocks on all major U.S. indexes.
The Dow Jones industrial average rose 37.26, or 0.35 percent, to 10,550.71 on a volume of 1.2 billion shares. The Nasdaq composite gained 8.09, or 0.38 percent, to 2,145.15, and the Standard & Poor's 500 increased 0.9, or 0.007 percent, to 1,220.24.
Crude oil fell $2.83 per gallon to $63.25.
The Labor Department said the July producer price index for finished goods rose 1 percent, the biggest jump since October 2004.
The benchmark 10-year Treasury lost 10/32, or $3.13 per $1,000 invested, to yield 4.252 percent.
The dollar rose to 109.75 yen from 109.53 as the euro eased to $1.2281 from $1.2359.
Tokyo's Nikkei 225 index ended down 0.4 percent, or 42.55 points, to 12273.12, and London's FTSE 100 closed at 5,293.30 after falling 29 or 0.54 percent.
