Stocks on the rise, crude oil prices fall

Stocks rose and oil prices fell Tuesday as the risk that the U.S. would attack Syria appeared to fade.

The Dow Jones industrial average rose 127.94 points, or 0.9 percent, to close 15,191.06. The Standard & Poor’s 500 index rose 12.28 points, or 0.73 percent, to 1,683.99. It was the S&P’s sixth straight gain, the longest winning streak since July. The Nasdaq composite rose 22.84 points, or 0.62 percent, to 3,729.02.

Crude oil, which closed above $110 a barrel on Friday, lost $2.13, almost 2 percent, to close at $107.39 a barrel.

The Dow average got a shakeup on Tuesday. It’s dropping Bank of America, Hewlett-Packard and Alcoa, to be replaced by Goldman Sachs, Nike, and Visa at the start of trading on Sept. 23. The Dow is made up of 30 stocks.

Hewlett-Packard fell 9 cents, or 0.4 percent, to $22.27. Alcoa was roughly flat and Bank of America rose 13 cents, or almost 1 percent, to $14.61.

Visa rose $6.04, or 3.4 percent, to $184.50; Nike rose $1.42, or 2.2 percent, to $66.82, and Goldman Sachs rose $5.65, or 3.5 percent, to $165.14. In other notable moves: • Apple dropped $11.53, or 2.3 percent, to $494.60 after investors were underwhelmed by its new iPhone lineup.

• Microsoft rose 73 cents, or 2.3 percent, to $32.39 on rumors about who might be its next CEO when Steve Ballmer retires next year.

• Urban Outfitters fell $4.36, or 10 percent, to $38.35 after saying its third-quarter sales increases are weaker than earlier in the year.

Traders sold safe-play assets as the threat of a strike on Syria faded. Gold fell $22.70, or 1.9 percent, to $1,364 an ounce, and the yield on the benchmark 10-year Treasury note rose to 2.97 percent from 2.91 percent.

The dollar strengthened to 100.33 Japanese yen, and fell slightly against the euro.