DJI-NEW YORK, Aug 6 (Reuters) -U.S. stocks rose on Wednesday, building on the previous day's big gains, as a further drop in oil prices and a reassuring outlook from Cisco Systems overshadowed persistent credit concerns.
The Dow Jones industrial average <.DJI> rose 40.30 points, or 0.35 percent, to 11,656.07, while the Standard & Poor's 500 Index <.SPX> gained 4.30 points, or 0.33 percent, to 1,289.18. The Nasdaq Composite Index <.IXIC> rose 28.54 points, or 1.21 percent, to 2,378.37.
NYMEX-NEW YORK, Aug 6 (Reuters) - U.S. crude oil futures fell for a third day in a row on Wednesday as government data showed that crude oil stocks rose much more than expected last week.On the New York Mercantile Exchange, September crude settled down 59 cents, or 0.5 percent, at $118.58 a barrel,trading from $117.11 to $120.49.
CBOT-SOYBEANS - August down 42 cents at $12.20-1/2 a bushel, new-crop November down 47 at $12.22. Talk a big trader or fund forced out of long position hit soy market. Market slides to four-month low amid technical weakness and outlooks for improving U.S. crop prospects as weather is favorable for pod setting and filling. Spillover selling from sliding crude. Several months fell the 70-cent limit, including November, amid talk of heavy liquidation by a large fund .
SOYOIL - August down 1.50 cent at 51.48 cents per lb.Falling amid broad-based sell-off in commodities.
FCPO-JAKARTA, Aug 6 (Reuters) - Malaysian crude palm oil futures rose 1.45 percent on Wednesday, lifted by short-covering after touching a new nine-month low a day earlier, but sentiment remained weak on worries about shipment defaults.The benchmark October contract on the Bursa Malaysia Derivatives Exchange ended up 40 ringgit or 1.45 percent at 2,790 ringgit ($851.7) a tonne.
REGIONAL EQUITIES-SINGAPORE, August 6 (Reuters) - Southeast Asian equities rose on Wednesday as oil prices fell to a three-month low and eased inflation fears.
In Asia, Thailand <.SETI> added 1.4 percent, Singapore <.FTSTI> gained 0.9 percent, the Philippine index <.PSI> jumped 3.6 percent and Vietnam <.VNI> climbed 1.7 percent.Malaysia <.KLSE> however underperformed with a 0.4 percent rise on renewed political uncertainty as Malaysian police said the country's best known opposition politician was to be charged with sodomy on Thursday.
