Crude-oil futures climbed 1.3% to $90.16 a barrel, while gold futures gained 0.7% to $1618 a troy ounce. The U.S. dollar fell against the euro, but edged up against the yen. The yield on the 10-year U.S. Treasury rose to 1.431% as demand fell.
In other corporate news, United Technologies (UTX) rose 0.27% after it agreed to sell some of its industrial products to BC Partners, among others. Sprint Nextel, the telecom company, surged 16% this morning after the company reported a smaller than expected second quarter loss on higher than anticipated revenue. Finally, Whole Foods Market (WFM) rallied near 10% after they reported fiscal third quarter earnings above Wall Street estimates.