Trader's Highlight

DJI-NEW YORK, July 6 (Reuters) - The Dow industrials rose and the S&P 500 rebounded in late trading on Monday as investors' concerns about the strength of an economic recovery triggered a move into defensive stocks.

The Dow Jones industrial average <.DJI> gained 44.13 points, or 0.53 percent, to 8,324.87. The Standard & Poor's 500 Index <.SPX> added 2.30 points, or 0.26 percent, to 898.72. But the Nasdaq Composite Index <.IXIC> dropped 9.12 points, or 0.51 percent, to 1,787.40.

Investors were also looking ahead to the start of second- quarter earnings season on Wednesday for an indication of how corporations are weathering the economic downturn. Data compiled by Thomson Reuters shows about a 36 percent decline
in S&P 500 earnings from a year ago. That would be roughly the same result as the first quarter.

NYMEX-NEW YORK, July 6 (Reuters) - U.S. crude oil futures ended lower for the fourth day in a row on Monday as economic concerns reflected in dismal jobs data, tepid demand and rising fuel inventories pressured the oil markets. Markets await a Group of Eight summit July 8-10.

On the New York Mercantile Exchange, August crude settled down $2.68, or 4.02 percent, at $64.05 a barrel, the lowest settlement since May 27's $63.45. It traded from $63.40 to $67.17.

CBOT-SOYBEANS - July down 43 cents at $12.00 a bushel.Near-ideal crop weather in the United States, firm dollar, and sharp drop in crude oil weigh on soy futures. Prices drop to one-week low.

CBOT-SOYOIL - July down 0.89 cent at 34.29 cents a lb. Falling crude oil, lower soybeans and firm dollar combined to weigh on soyoil futures.

FCPO-KUALA LUMPUR, July 6 (Reuters) - Malaysian crude palm oil futures bounced off 3-month lows on Monday as India left import duties unchanged for vegetable oils, although sharply lower crude oil dented investor sentiment.

The benchmark September contract on Bursa Malaysia's Derivatives Exchange fell as much as 75 ringgit to 2,100 ringgit ($592.9) per tonne, a level unseen since April 2, but settled down 46 ringgit at the end of the session. Volumes stood at 11,624 lots of 25 tonnes each.

REGIONAL EQUITIES-SINGAPORE, July 6 (Reuters) - Indonesian shares fell on Monday as lower crude oil prices hurt commodity stocks and on investor concerns that the upcoming presidential election will not produce a clear winner and will have to go to a second round.

Most other Southeast Asia stock markets were also lower, in line with global trends, on worries about how long it will take the U.S. economy to recover from its long recession and begin buying Asian goods again.

The Indonesia Composite Index <.JKSE> ended 1.94 percent lower while Singapore's Straits Times Index <.FTSTI> dropped 1.43 percent, and Malaysia's index <.KLSE> fell 0.64 percent. The Philippine index <.PSI> rose 0.73 percent. Vietnam <.VNI> finished 4.32 percent higher.