The Dow Jones Industrial Average
Not surprisingly, the major news of the day -- Hurricane Isaac's approach on the Gulf Coast -- affected two of the Dow's biggest winners. Oil prices rose 0.6%, jumping when the storm reached Category 1 status in midday, in response to Gulf of Mexico producers' ceasing of production and the onshore threat as the hurricane makes landfall. At least 1 million barrels per day of refining capacity are expected to pause, though that's a relatively small dent in U.S. consumption of about 19 million barrels per day. Oil prices could continue to rise tomorrow, as forecasters expect the hurricane to come ashore in the early morning.
As a result, Chevron
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Fool contributor Jeremy Bowman holds no positions in the companies in this article. Motley Fool newsletter services have recommended buying shares of Chevron and Intel. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.