DJI-NEW YORK, Aug 1 (Reuters) - U.S. stocks fell on Friday as a $15.5 billion quarterly loss from General Motors and a rise in oil prices added to fears the economy could slip into recession and concerns about corporate earnings.
The Dow Jones industrial average <.DJI> was down 51.70 points, or 0.45 percent, at 11,326.32. The Standard & Poor's 500 Index <.SPX> was down 7.07 points, or 0.56 percent, at 1,260.31. The Nasdaq Composite Index <.IXIC> was down 14.59 points, or 0.63 percent, at 2,310.96.
NYMEX-NEW YORK, Aug 1 (Reuters) - U.S. crude futures ended higher on Friday on concerns about Iran and its nuclear dispute with the West and Nigerian supply snags. On the New York Mercantile Exchange, September crude settled up $1.02, or 0.82 percent, at $125.10 a barrel, trading from $122.10 to $128.60.
CBOT-SOYBEANS - August down 38 cents at $13.57-3/4 per bushel, new-crop November down 39 at $13.65.Mostly favorable weather in the U.S. Midwest as soybeans go through the pod-setting phase of development. Crude backing off early highs also weighs.
SOYOIL - August down 1.65 at 56.61 cents per lb.Following soybeans lower; market shrugs off an upturn in crude oil. Weak Asian soy markets add pressure.
FCPO-KUALA LUMPUR, Aug 1 (Reuters) - Malaysian crude palm oil futures tumbled as much as 3.8 percent on Friday as profit-taking swept across agriculture markets following heavy losses in crude oil, traders said.
The benchmark October contract on the Bursa Malaysia Derivatives Exchange fell as much as 115 ringgit to 2,948 ringgit ($935). The contract was settled down 100 ringgit lower at 2,950 ringgit.
REGIONAL EQUITIES-August 1 (Reuters) - Most Southeast Asian markets closed lower on Friday, hit by further signs of a weakening U.S. economy and poor earning.
Indonesia <.JKSE> led losses and fell 2.4 percent, while Singapore <.FTSTI> shed 0.8 percent. Malaysia <.KLSE> declined 0.3 percent and Vietnam <.VNI> gave up 0.9 percent.
