Slumping oil, commodity prices pop stock prices

NEW YORK (AP) — Stocks are falling after a slump in oil and metals prices dragged down energy companies and materials producers.

The Walt Disney Co. also is dropping after it reported disappointing results, due partly to theme-park closures in Japan.

Oil fell 2.4 percent to $101.34 per barrel. The government reported that supplies of crude and gasoline grew last week. Miner stocks also fell after copper lost 2.4 percent and silver fell 4.8 percent.

Disney's results reported late Tuesday fell short of expectations, and its stock fell 3.8 percent.

The Dow Jones industrial average is down 62 points, or 0.5 percent, to 12,698 in midday trading today. The S&P 500 is down 6, or 0.4 percent, to 1,351. The Nasdaq composite is down 6 points, or 0.2 percent, to 2,866.