Today – Wednesday August 28th 2013
- Wall Street rose on Wednesday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria.
- Energy shares <.spny> rose 1.8 percent, by far the biggest gainer among S&P 500 sectors. Chevron Corp gained 2.5 percent to $121.81 while Exxon Mobil was up 2.3 percent to $88.84. The two provided the biggest lifts to the Dow industrials and the S&P 500.
- At the U.N. Security Council, Britain sought authorization for military action for an alleged poison gas attack against Syrian civilians by President Bashar al-Assad’s government. U.S. officials described plans for multinational strikes that could last for days.
- The world seems increasingly convinced that the U.S. — and its allies — will make a military strike against Syrian government forces in the coming days.
Categories: Equity Capital Markets