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Stocks - Wall Street Rises Despite Oil Tensions

Investing - Stocks finished higher Thursday despite worries about Middle East tensions after two tankers were attacked in the Gulf of Oman.

The S&P 500 finished up 0.41%. The Nasdaq Composite Index finished 0.57% higher, and the Dow Jones industrials rose 0.39%.

The averages were all higher, with the Dow up as many as 142 points, when the potential for disruption of crucial Middle East oil supplies seemed to creep into investors' thinking. A very late bout of buying boosted the averages at the close.

Airlines had a strong day, thanks to an upgrade for American Airlines Group (NASDAQ:AAL), up 6.4%, and Walt Disney (NYSE:DIS) moved up 4.4% because of a Morgan Stanley (NYSE:MS) report extoling the potential of Disney's streaming service, due to launch in November.

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American Airlines was the top-gaining S&P 500 stock because it was able to boost fares last month and the increases have stuck. Disney, third-best among S&P 500 stocks, was the top percentage and point gainer among the 30 Dow stocks.

Overshadowing the market, however, was the unease in the Middle East.

WTI futures rose 2.23% to $52.28 after falling about 4% on Wednesday. Brent futures rose $1.34 to $61.31.

Prices rose after attacks on two tankers sailing through the Straight of Oman. The United States said Iran was the aggressor, though that could not be confirmed. There have been two tanker attacks in the Persian Gulf, through which about 20% of the world's oil flows.

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