U.S. stocks down as investors worry about next week Fed meeting, Syria

Stocks slip from near-record highs

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Today – Thursday 12th September 2013

  • U.S. stocks down after unemployment claims dropped again sharply to 292,000 — their lowest level since early 2006. This is putting fear in investors mind because it seems like that the economy is improving and next week Sept17-18 when that big Federal Reserve meeting happens, there’s a high probability that the Fed will stop its stimulus sooner and faster. Which is causing anxiety and low confidence among investors and leading to the market declining.
  • The tensions increased today as U.S. Secretary of State John Kerry told top Syrian opposition figures in a phone call today that the option of a U.S. military strike remains on the table. Which is scaring investors that there’s still a high chance of the U.S. going into military action against Syria.
  • The Dow Jones industrial average <.dji> was down 26.03 points, or 0.17 percent, at 15,300.57. The Standard & Poor’s 500 Index <.spx> was down 5.71 points, or 0.34 percent, at 1,683.42. The Nasdaq Composite Index <.ixic> was down 9.04 points, or 0.24 percent, at 3,715.97.
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Categories: Capital Markets

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