The S&P 500 index had sagged as much as 1 percent after data showed new single-family home sales slumped to a record slow pace in July and orders for manufactured durable goods rose far less than anticipated.
The Dow Jones industrial average <.DJI> rose 19.61 points, or 0.20 percent, to 10,060.06. The Standard & Poor's 500 Index <.SPX> added 3.46 points, or 0.33 percent, to 1,055.33. The Nasdaq Composite Index <.IXIC> gained 17.78 points, or 0.8percent, to 2,141.54.
NYMEX-NEW YORK, Aug 25 (Reuters) - U.S. crude oil futures settled higher on Wednesday, bouncing off an 11-week low hit earlier in the day and snapping a five-day streak of lower settlements as the market shrugged off government data showing across-the-board rises in crude oil and product inventories.
The stock market also ended higher after a seesaw session, helping support crude prices.
On the New York Mercantile Exchange, October crude
CBOT-CHICAGO, Aug 25 (Reuters) - Chicago Board of Trade grain and soy complex close on Wednesday.
CBOT-SOYBEANS - September
CBOT-SOYOIL - September
FCPO-KUALA LUMPUR, Aug 25 (Reuters) - Malaysian crude palm oil futures dropped to one-month lows on Wednesday as slower overseas demand and concerns over the pace of global economic recovery weakened sentiment.
Palm oil fell for a second consecutive day after cargo surveyors reported declines for Malaysian exports during Aug 1-25 from a month ago.
The benchmark November crude palm oil contract
REGIONAL EQUTIES-BANGKOK, Aug 25 (Reuters) - Indonesia's main share index climbed to a fresh all-time high on Wednesday as investors sought bargains from resource-related shares just as regional equities remained wary of a spate of worrying U.S. economic data.
Cautious investors cut positions in overbought markets, lopping 0.6 percent each off Thai stocks <.SETI> and Malaysian shares <.KLSE>. Economic optimism had pushed the Thai index to a 33-month high and Malaysia's index to a 2-½ year high.
Singapore <.FTSTI> gained 0.1 percent, reversing its early loss to a one-month low and ended its three-day loss. The Philippines <.PSI> gained 0.7 percent while Vietnam <.VNI> dropped 2.4 percent, extending losses for a third session and hitting its lowest since July 23, 2009.
Among bright spots in the region, Southeast Asia's largest telcom firm Singapore Telecommunications
Singapore's 14-day RSI was 46.2, Indonesia's was 66.09 and Philippnes' was 59.56. Vietnam's 14-day RSI was 19.9 at the close, indicating the market is oversold.