NEW YORK, N.Y. - Syria's decision to give up its chemical weapons is sending the U.S. stock market higher and the price of crude oil lower.
The Dow Jones industrial average rose 127 points, or 0.9 per cent, to close at 15,191 Tuesday.
The Standard & Poor's 500 index rose 12 points, or 0.7 per cent, to 1,684. The Nasdaq composite rose 22 points, or 0.6 per cent, to 3,729.
The price of crude, which closed above $110 a barrel on Friday, lost $2.13, or 2 per cent, to $107.39 a barrel.
Goldman Sachs, Nike and Visa rose after being added to the Dow average.
Apple fell $11.53, or 2 per cent, to $494.64 after announcing two new iPhone models.
Two stocks rose for every one that fell on the New York Stock Exchange. Volume was heavier than usual.
© Copyright 2013