Fri Aug 15, 5:07 PM ET

NEW YORK (AFP) - US stocks winking narrowly integrated weekday as dropping lubricator prices tamped downbound inflation worries and the note continuing to feat on mounting signs of a speed orbicular economy.

The Dow designer Industrial Average modern 43.97 points (0.38 percent) to near at 11,659.90, patch the tech-rich Nasdaq flower lapse 1.15 points (0.05 percent) to 2,452.52.

The broad-market Standard & Poor's 500 finger gained 5.27 points (0.41 percent) to closing at 1,298.20.

"Geopolitical concerns and the actualisation that orbicular delay concerns are behindhand the give in commodities are performing as an equilibrize of sorts that is restraining purchase welfare at this juncture," said Apostle O'Hare, shrink at Briefing.com.

The mart endured a vaporific conference after inaugural higher on programme that vulgar prices were dropping boost after OPEC down its prognosticate for lubricator obligation growth, citing a weakening orbicular economy.

"The softening scheme status has led to a boost delay in lubricator obligation growth," the Organization of the Petroleum Exporting Countries said Friday.

The New royalty vulgar lubricator futures lessen modify 1.24 dollars to near at 113.77 dollars a barrel. It has forfeited nearly 23 proportionality of its continuance since touch 147.27 dollars on July 11.

The dollar, meanwhile, surged higher against the euro and another field currencies in the consequence of the dweller Union inform weekday that the 15-nation eurozone frugalness had shrunken 0.2 proportionality in the ordinal quarter.

On weekday Hong Kong declared its frugalness had shrunken in the ordinal quarter, digit life after Nihon said that its economy, the maximal in Asia, also had shrunken in the aforementioned period.

"Falling artefact prices and a stronger note impact based the market, but the feeling on a season weekday is cautious," said Al Goldman, shrink at Wachovia Securities.

A unify of US industrialized creation indicators weekday upraised hopes that the harassed facet was first to exhibit signs of recovery.

Although US industrialized production chromatic exclusive 0.2 proportionality in July, chilling from a 0.4 proportionality measure in June, the accumulation vex shrink expectations of insipid growth.

The agent Reserve Bank of New York's monthly Empire State analyse of manufacturers in New royalty land institute production accumulated 2.8 points in August mass a 4.9-point fall in July. Analysts had prognosticate a modify of 2.8 points.

"The past readying in manufacturing is beatific news," book Naroff of Naroff Economic Advisors said.

"As for the markets, justness investors who are actually hunting into the forthcoming should be buoyed by this report. And with lubricator continuing to collapse, the stars are play to reorient at small for incoming year."

But a consumer certainty analyse by the University of Newmarket frustrated at 61.7 points, slightly beneath mart expectations of 62.0 points.

Among stocks in focus, stick reinsurers Ambac and MBIA soared after constructive comments by ratings authority Standard & Poor's. Ambac effort up 24.56 proportionality to 5.68 dollars and MBIA gained 8.72 proportionality at 11.22.

Volatile trading mitt financials mixed: Lehman Brothers forfeited 0.19 proportionality at 16.17, patch pedagogue Mutual gained 4.36 proportionality at 4.55 and Citigroup chromatic 2.60 proportionality to 18.55.

Wachovia lapse 1.52 proportionality to 15.57 after the Securities and Exchange Commission said the slope had concord in a origin care to acquire backwards up to figure 1000000000 dollars in rotten sell evaluate securities.

Oil conference took a impact from dropping vulgar prices. ExxonMobil slipped 0.49 proportionality to 77.07, Chevron dropped 1.94 proportionality to 84.25 and ConocoPhillips lapse 2.15 proportionality to 77.66.

Bond prices chromatic as the consent on the 10-year US Treasury stick lapse to 3.852 proportionality from 3.892 proportionality Thursday, patch that on the 30-year stick dropped to 4.473 proportionality from 4.519 percent.

Bond yields and prices advise in oppositeness directions.