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Stocks Rise 160 Points

August 5, 2008 10:30 a.m. EST

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Ed Sutherland - AHN Editor

New York, NY (AHN) - Stocks climbed higher in early trading as investors reacted to news Tropical Storm Edouard will leave Gulf of Mexico oil rigs undamaged and a stronger dollar. The Dow opened up 108 points.

At 10:25 a.m., the Dow Jones Industrial Average was up 161 points at 11,445.

The broader Standard and Poor's 500 index was gaining 17 points at 1,266.

The tech-heavy Nasdaq Composite was advancing 3. points at 2,317.

Crude oil prices again were lower, falling $1.76 to $119.65 a barrel on the New York Mercantile Exchange.

Gold was down $14.90 at $893 an ounce.

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