U.S. stocks higher after fluctuating

Published: Nov. 6, 2007 at 5:57 PM

NEW YORK, Nov. 6 (UPI) -- U.S. stock indexes closed up Tuesday amid concerns about financial sector credit problems, a weak U.S. dollar and surging commodities prices.

The Dow Jones industrial average rose 117.54 points, or 0.87 percent, to close at 13,660.94. The broader Standard & Poor's 500 Index gained 18.10 points, or 1.2 percent, at 1,520.27.

On the New York Stock Exchange, 2,092 stocks advanced and 1,157 declined on composite volume of 3.9 billion shares traded.

The technology-heavy Nasdaq Composite Index added 30.00 points, or 1.07 percent, at 2,825.18.

In London, the FTSE 100 stock index closed up 13.50 points, or 0.21 percent, at 6,474.90.

Japan's Nikkei 225 stock index finished down 19.29 points, or 0.12 percent, at 16,249.63.

Crude-oil futures on the New York Mercantile Exchange rose more than $30 to set another record, above $97 a barrel, before easing back to close at $96.70, a gain of $2.72.

The benchmark 10-year U.S. Treasury note lost 9/32, yielding 4.373 percent, while the 30-year bond was down 10/32, yielding 4.666 percent.

The U.S. dollar rose to 114.71 yen from 114.52 yen in New York late Monday. The euro rose to $1.4554 from $1.4471, a record high against the dollar.

Gold surged $13.20 to $824 an ounce, the highest level in more than 27 years.

© 2007 United Press International, Inc. All Rights Reserved.
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