quarter gross domestic product (GDP) growth lower, to an increase of 2.8 percent from an initial reading of 3.3 percent a month ago. Despite the downward revision, growth was still better than the previous two quarters. Light sweet crude oil for November delivery fell $1.13 to $106.89 a barrel on the New York Mercantile Exchange, largely due to concerns that the cost of the U.S. financial rescue package will lower petroleum demand. The U.S. dollar rose versus the euro and fell versus the yen. The Dow Jones industrial average rose 121.07, or 1.1 percent, to 11,143.13. Shares of J.P. Morgan Chase rose 6 percent on news of its purchase of WaMu. Other gainers included Bank of America, Caterpillar, Microsoft, and Home Depot. The broader Standard & Poor's 500 index rose 4.09, or 0.3 percent, to 1,213.27. The technology-heavy Nasdaq composite index fell 3.23, or 0.15 percent, to 2,183.34. Research in Motion (RIM) shares fell 26 percent in active trading after the Blackberry wireless device maker reported weaker-than-expected quarterly earnings. The New York Stock Exchange composite index fell 37.41 to 7,890.46. The American Stock Exchange composite index fell 6.43 to 1,916.44. And the Russell 2000 index fell 0.95 to 704.79.
