8/28/08 - Stocks Trade Higher as Oil Drops

The Dow was up today 212.18 to close at 11,714.69 while the S&P 500 gained 18.86 to close at 1,300.52. NASDAQ was up 9.18 to close at 2,411.64. Oil fell $2.56 to close at $115.59 per barrel. The 10 year treasury Note was down .19 to close at 101.75 increasing the yield to 3.78%. The US dollar gained .00152 so that one Euro buys $US Dollar 1.47037. Trading was light as expected heading into a holiday weekend. Increased inventories of oil drove oil down and boosted the market. That's it for today from the new south.