Shiller Home Price Index. It was the 22nd consecutive monthly decline. Light sweet crude oil for September delivery fell $2.54 to $122.19 a barrel on the New York Mercantile Exchange. It was the lowest closing price since May 6. Oil futures plunged after OPEC President Chakib Khelil said oil was overpriced and could retreat to $78 a barrel. Oil has fallen $25 since setting a record high above $147 on July 11. The Dow Jones industrial average rose 266.48, or 2.4 percent, to 11,397.56. Bank of America rose along with many other financial stocks. Citigroup also managed a gain despite a Deutsche Bank analyst forecasting that it will take an added $8 billion in write-downs related to its debt obligations. The broader S&P 500 rose 28.83, or 2.3 percent, to 1,263.20. The technology-heavy NASDAQ composite index rose 55.40, or 2.45 percent, to 2,319.62. The index was boosted by Amgen, whose shares rose after the drug company reported quarterly results that fell 8 percent but still beat analysts expectations. The New York Stock Exchange composite index rose 159.01 to 8,419.20. The American Stock Exchange composite index rose 9.66 to 2,144.03. And the Russell 2000 index rose 18.44 to 714.55.
