The Dow Jones industrial average rose 70.09 points, or 0.81 percent, to 8,761.42. The Standard & Poor's 500 Index gained 10.57 points, or 1.19 percent, to 899.24. The Nasdaq Composite Index was up 18.14 points, or 1.17 percent, at 1,565.48.
NYMEX-NEW YORK, Dec 10 (Reuters) - U.S. crude oil futures rose on Wednesday as Saudi Arabia, according to trading sources, had told customers it would significantly cut oil supplies for January.
On the New York Mercantile Exchange, January crude
CBOT-SOYBEANS - January
Tight stocks of soy and firm crude prices boosted soy. Weak dollar and gains in stock market supportive. Average of analysts' estimates pegged 2008/09 U.S. soy
ending stocks at 202 million bushels, below the USDA's forecast in November for 205 million.
CBOT-SOYOIL - December
FCPO-KUALA LUMPUR, Dec 10 (Reuters) - Malaysian palm futures jumped as much as 3.2 percent to touch one-week highs on Wednesday after cargo surveyors reported that exports for the first 10 days of the month nearly doubled.
The benchmark February palm oil contract
Other traded contracts rose between 14 ringgit and 70 ringgit. Overall volume stood at 11,129 lots of 25 tonnes.
REGIONAL EQUITIES-JAKARTA, Dec 10 (Reuters) - Southeast Asian stocks rose on Wednesday, with Jakarta <.JKSE> up 3.9 percent led by energy and agriculture stocks thanks to a rebound in oil and palm oil prices.
Singapore's Straits Times Index <.FTSTI> rose 3.8 percent, Kuala Lumpur <.KLSE> gained 2.33 percent, and Philippine stocks <.PSI> inched up 0.19 percent. Vietnam <.VNI> fell 2.2 percent, while Thailand was closed on Wednesday.