DJI-NEW YORK, Aug 5 (Reuters) - U.S. stocks soared on Tuesday after the Federal Reserve signaled that it is in no rush to raise interest rates and oil prices tumbled further, spurring the Dow and the S&P to their best day in four months.The Dow rose more than 300 points.
The Dow Jones industrial average <.DJI> surged 331.21 points, or 2.94 percent, to 11,615.36, while the Standard & Poor's 500 Index <.SPX> jumped 35.59 points, or 2.85 percent, at 1,284.60.
NYMEX-NEW YORK, Aug 5 (Reuters) - U.S. crude futures ended lower for a second day in a row on Tuesday, with oil operations in the Gulf of Mexico starting to return to normal as Tropical
Storm Edouard moved inland after striking the Texas coast. On the New York Mercantile Exchange, September crude settled down $2.24, or 1.84 percent, at $119.17 a barrel,
trading from $118 to $121.23.
CBOT-SOYBEANS - August down 24-1/2 cents at $12.62-1/2 a bushel; new-crop November down 26 at $12.69.Pressured by ideal U.S. weather as the soy crop sets pods.
Also, Chinese demand slows ahead of the Beijing Olympics.Falling crude oil, a firm dollar and improving U.S. soy ratings also weigh.
SOYOIL - August down 1.12 cent at 52.98 cents per lb.Falling soybeans, weaker Asian markets and crude oil pressure.
FCPO-JAKARTA, Aug 5 (Reuters) - Malaysian crude palm oil futures dived as much as 6.6 percent to hit fresh nine-month lows on Tuesday as weak crude oil markets and high stock levels battered sentiment.
China's Dalian soyoil fell by its daily limit as rising domestic supplies weighed on the market against the backdrop of a broad-based sell off in commodities.
The benchmark October contract on the Bursa Malaysia Derivatives Exchange ended down 4.8 percent, or 140 ringgit, at 2,750 ringgit ($851) per tonne, after going as low as 2,700 ringgit, a level unseen since Oct. 25, 2007.
REGIONAL EQUITIES-BANGKOK, Aug 5 (Reuters) - Most Southeast Asian stocks fell on Tuesday
Singapore <.FTSTI> fell for a third day to end 0.54 percent lower at its weakest in more than 2 weeks, Indonesian <.JKSE>shares dropped 1.89 percent to a more than 2-week low and Thai
stocks <.SETI> shed 1.12 percent to a more than 2-week low.Malaysian <.KLSE> fell 1.73 percent to near a 2-week low.Vietnam <.VNI> closed down 2.08 percent at a more than one-week low.
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