Trader's Highlight

DJI-NEW YORK, Aug 13 (Reuters) - U.S. stocks fell on Wednesday, as persistent concerns about the credit crisis hurt bank shares while a rebound in oil prices and weak outlooks at some retailers raised anxieties about consumer spending.

The Dow Jones industrial average <.DJI> fell 109.51 points, or 0.94 percent, to 11,532.96, while the Standard & Poor's 500 Index <.SPX> slipped 3.76 points, or 0.29 percent, to 1,285.83. The Nasdaq Composite Index <.IXIC> was down 1.99 points, or 0.08 percent, at 2,428.62.

NYMEX-NEW YORK, Aug 13 (Reuters) - U.S. crude oil futures ended almost $3 higher on Wednesday, ending three days of losses, in a rally spurred by larger-than-expected drawdowns in crude and gasoline stocks and a surprise drop in distillate supplies.

On the New York Mercantile Exchange, September crude settled up $2.99, or 2.65 percent, at $116 a barrel, trading from $112.87 to $117.46, the highest since Friday. It rebounded from Tuesday's low of $112.31, lowest since May 2.

CBOT-SOYBEANS - September up 70 cents at $12.77-1/2 per bushel, new-crop November up 70 at $12.84. Rose 70-cent limit as corn, crude rally. Soybeans remain supported by tight U.S. ending stocks forecast for 2007/08 and 2008/09.

National Oilseed Processors Association crush report to be released early Thursday.

SOYOIL - September up 2.5 cents at 52.47 cents per lb.Following strength in crude oil which rallied more than $4 a barrel on weekly government data showing larger-than-expected
drawdowns in U.S. crude and gasoline stocks.

FCPO-KUALA LUMPUR, Aug 13 (Reuters) - Malaysian crude palm oil futures edged lower on Wednesday after rising as much as 3.3 percent as a looming stock build-up offset the influence of technical rebounds in crude oil markets on vegetable oils.

The benchmark October contract on the Bursa Malaysia Derivatives Exchange settled down 13 ringgit at 2,548 ringgit ($768) per tonne after going as high as 2,646 ringgit per tonne.

REGIONAL EQUITIES-Aug 13 (Reuters) - Most Southeast Asian markets edged lower on Wednesday on global credit and economic growth concerns, but Vietnam rose a sixth straight session as banks gained.

Malaysia <.KLSE> fell 0.6 percent, while Thailand <.SETI> and Singapore <.FTSTI> dipped 0.2 percent.The Philippine index <.PSI> gave up 1.2 percent, but Indonesian shares <.JKSE> bucked the trend to inch 0.3 percent higher on banks.