The stock market ended its spectacular run today, closing
slightly lower on light volume as renewed tensions surrounding
Syria coupled with lingering uncertainty as to what the FOMC would
decide next week weighed on the markets.
After three days of triple-digit gains, the rally in the Dow
Industrials finally ran out of steam when provocative remarks from
Russian President Vladimir Putin put a possible peaceful resolution
in the Middle East in danger. And although a substantial decline in
new jobless claims would provide the Fed with more ammunition to
cut back asset purchases this month, the number was quickly
dismissed as biased by reporting errors in several states.
Here's where the markets stood at the close:
Dow Jones Industrial Index was down 25.96 (-0.17%) to
S&P 500 was down 5.71 (-0.34%) to 1,683.42
Nasdaq Composite Index was down 9.04 (-0.24%) to 3,715.97
FTSE 100 was up 0.01%
Nikkei 225 was down 0.26%
Hang Seng Index was up 0.07%
Shanghai China Composite Index was up 0.64%
P, Pandora hires former Microsoft executive Brian McAndrews as
DIS, Company announced plans to repurchase $4-$8 billion in
stocks, doubling 2012 stock repurchases
WEN, Stock advances to 5 year high after Argus upgrades stock to
Buy, raises PT to $10
MW, Reported Q2 earnings of $1.01 versus estimates for EPS of
LULU, Q2 profit falls 1.3% and company slashes Q3 forecasts
RLD, Stock was weighed down by investors' concerns about the
prospects of the company's three-dimensional technology.
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