traded commodities like oil more expensive for international buyers. Despite the decline in oil futures, U.S. retail gasoline prices rose to another record high near $3.94 a gallon (3.8 liters). Gold futures rose in response to the stronger dollar, which rose versus the euro and the yen. The Dow Jones industrial average rose 68.72, or 0.55 percent, to 12,548.35. General Motors fell 2 percent after a Citigroup analyst downgraded the stock and reduced its 12-month price target as part of a pessimistic report on the auto sector. The broader Standard & Poor's 500 index rose 9.42, or 0.7 percent, to 1,385.35. The technology-heavy Nasdaq composite index rose 36.57, or 1.5 percent, to 2,481.24 due to strength from Google, Oracle, and Apple. Apple shares rose on continued anticipation about the late-June launch of the new version of its iPhone. The New York Stock Exchange composite index was virtually unchanged, falling 1.76 to 9,314.02. The American Stock Exchange composite index fell 21.57 to 2,349.93. And the Russell 2000 index rose 10.28 to 734.38.
