U.S. stocks down due to turnmoil in Syria and QE…
August 26, 2013
Today – Monday August 26th 2013
- U.S. stocks fell, erasing earlier gains, as Secretary of State John Kerry said the president will hold Syria’s government accountable for using chemical weapons. The reason this affects U.S. markets is because If there’s going to be turmoil and then if there’s going to be some retaliation and affect U.S. assets, people get a little scared.
- Economic data this morning showed durable goods orders in the U.S. fell in July for the first month since March.
- Investors continue to worry as when the Federal Reserve will slow down it’s stimulus, all eyes are on that big meeting on September 17-18 which will give investors a hint on the final conclusion of the stimulus.
- The Dow Jones Industrial Average DJIA -0.43% fell 64.05 points, or 0.4%, to 14,946.46. The S&P 500 index SPX -0.40% lost 6.72 points, or 0.4%, to 1,656.78. The Nasdaq Composite COMP -0.01% held steady at 3,657.57.