Syria Situation Spooks Market
Wall Street Sector Selector | Aug 27, 2013 01:31AM ET
On Monday, the stock market had been making modest gains until Secretary of State John Kerry spoke out against Syria’s chemical weapons attack on its own citizens, insisting that the regime should be held accountable for the atrocity.
Earlier in the day, stocks had been making modest gains after the dismal report on July Durable Goods Orders from the Commerce Department raised hopes that the Federal Reserve would postpone the “Septaper” of its bond-buying. Although economists had been anticipating a 4 percent decline in durable goods orders during July, the Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.
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