Trader's Highlight

DJI-NEW YORK, Nov 8 (Reuters) - Wall Street retreated from a two-year high on Monday, weighed down by financial stocks and a stronger dollar.

The broad S&P 500 has risen five straight weeks, supported by the Federal Reserve's plan to buy $600 billion of Treasuries to lower interest rates and reinvigorate a sluggish economy.

With those gains, traders said most S&P sectors were susceptible to a decline. Financial stocks <.GSPF>, the top gainers in recent sessions, fell 0.8 percent following a 6.9 percent weekly advance.

The Dow Jones industrial average <.DJI> was down 37.24 points, or 0.33 percent, at 11,406.84. The Standard & Poor's 500 Index <.SPX> was down 2.60 points, or 0.21 percent, at 1,223.25. The Nasdaq Composite Index <.IXIC> was up 1.07 points, or 0.04 percent, at 2,580.05.

NYMEX-NEW YORK, Nov 8 (Reuters) - U.S. crude oil futures ended at a fresh two-year high on Monday, gaining for the sixth consecutive session, as the upside momentum that lifted oil prices more than 6 percent last week continued, analysts said.

Gains were limited, however, as the dollar rose against a basket of currencies. <.DXY>, they added.

On the New York Mercantile Exchange, crude for December delivery settled up 21cents, or 0.24 percent, at $87.06 a barrel, the highest since front-month crude closed at $88.95 on Oct. 8, 2008.

CBOT-CHICAGO, Nov 8 (Reuters) - Chicago Board of Trade grain and soy complex close on Monday.

CBOT-SOYBEANS - November down 9 cents per bushel at $12.64-1/2per bushel; January down 9-1/4 at $12.74-3/4.

Pressured by firm dollar and long liquidation ahead of USDA's November crop reports on Tuesday. Market technically overbought and due a downward correction but continued strong demand from China underpins values.

CBOT-SOYOIL - December down 0.21 cent per lb at 52.01 cents per lb. Following soybeans lower. But market underpinned by soaring global vegoils markets including Dalian soyoil and Malaysian palm.

FCPO-KUALA LUMPUR, Nov 8 (Reuters) - Malaysian crude palm oil futures jumped more than 4 percent in early trade on Monday, driven by supply worries stoked by floods in some palm growing states in the country and rising soyoil prices in China.

January 2011 palm futures on the Bursa Malaysia Derivatives Exchange were up 2.6 percent at 3,273 ringgit ($1,060) a tonne, after having risen as high as 3,348 ringgit -- a level unseen since July 18, 2008.

Top analyst from Godrej International, Dorab Mistry, on Sunday said Malaysian crude palm oil futures may hit 3,300 ringgit per tonne in the next few weeks as weather concerns plague global oilseed output.

REGIONAL EQUITIES-BANGKOK, Nov 8 (Reuters) - Most Southeast Asian stock markets gained ground on Monday, buoyed by commodities shares on optimism about the outlook for oil prices and for global demand.

Strong buying interest bolstered the laggard Singapore stock market, pushing the benchmark Straits Times Index (STI) <.FTSTI> to a 34-month high before it closed nearly 2 percent higher.

Singapore shares have risen 13.9 percent this year, a far cry from over 40 percent gains by its smaller peers Indonesia <.JKSE>, Thailand <.SETI> and the Philippines <.PSI>.

Malaysia <.KLSE> rose 0.5 percent to its highest in 34 months while Vietnam <.VNI> inched down 0.03 percent, after climbing earlier to its highest in nearly three weeks.