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Stocks rise, oil falls as Syria threat fades

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September 10, 2013 09:41 AM EST | AP


NEW YORK — Stocks are opening higher on Wall Street and the price of crude oil is falling after Syria agreed to give up its chemical weapons.

The Dow Jones industrial average rose 76 points, or 0.5 percent, to 15,138 after the first few minutes of trading Tuesday.

The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,678 and the Nasdaq composite rose 14 points, or 0.4 percent, to 3,720.

The price of crude, which closed above $110 a barrel on Friday, lost $2.50, or 2.2 percent, to $107.09 a barrel.

Syria has accepted Russia's proposal to place its chemical weapons under international control so they can be dismantled. The West has accused Syrian President Bashar Assad of using the weapons on civilians in the country's civil war.