DJI-NEW YORK, Aug 7 (Reuters) - U.S. stocks tumbled on Thursday after a big loss from insurer American International Group fueled fears of more fallout from the credit crisis and Wal-Mart's cautious sales forecast added to concerns about consumer spending.
The Dow Jones industrial average <.DJI> slid 224.64 points, or 1.93 percent, to close at 11,431.43, led lower by Wal-Mart and AIG.The Standard & Poor's 500 Index <.SPX> fell 23.11 points, or 1.79 percent, to 1,266.08, while the Nasdaq Composite Index <.IXIC> dropped 22.64 points, or 0.95 percent, to 2,355.73.
NYMEX-NEW YORK, Aug 7 (Reuters) - U.S. crude oil futures ended higher on Thursday, stemming three days of losses, as pipeline shutdown in Turkey due to an explosion raised supply worries.On the New York Mercantile Exchange, September crude settled up $1.44, or 1.21 percent, at $120.02 a barrel, trading from $117.91 to $121.78.
FCPO-JAKARTA, Aug 7 (Reuters) - Malaysian crude palm oil futures rose nearly 2 percent on Thursday, lifted by a recovery in crude oil and rival soyoil markets.The benchmark October contract on the Bursa Malaysia Derivatives Exchange closed up 55 ringgit, or 1.97 percent, at 2,845 ($866.5) ringgit a tonne.
REGIONAL EQUITIES-JAKARTA, Aug 7 (Reuters) Weak commodity prices weighed on plantation shares in Indonesia, where the Indonesia Composite Index <.JKSE> ended up 0.54 percent, and in Malaysia, where the Kuala Lumpur Composite Index <.KLSE> fell 0.36 percent.
Singapore's Straits Times Index <.STI> dropped 1.82 percent, dragged down by shipbuilding and repair company Cosco Corp .
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