Stocks were mostly lower at the close today, giving up early
gains on concerns about Syria as worries over potential military
intervention in the Middle East overshadowed expectations for
bullish housing data on Tuesday. While the Nasdaq continued to be
underpinned by some strength in the tech sector, the Dow
Industrials and S&P 500 both closed firmly to the downside.
The market gained early Monday as bearish durable goods orders
eased concerns about an imminent Fed tapering, but took a turn for
the worse following Secretary of State John Kerry's remarks about
the use of chemical weapons in Syria and a possible response by the
U.S. The move was exaggerated, however, by very light volume as
today had the lowest volume of the year.
Durable goods orders fell by a much greater than expected 7.3%
in July versus the consensus for a 4.0% drop. Excluding
transportation orders, orders were down 0.6% against the estimates
for a 0.3% increase.
Here's where the markets stood at the close:
Dow Jones Industrial Index was down 64.05 (-0.43%) to
S&P 500 was down 6.72 (-0.40%) to 1,656.78
Nasdaq Composite Index was down 0.22 (-0.01%) to 3,657.57
FTSE 100 Closed
Nikkei 225 was down 0.18%
Hang Seng Index was up 0.65%
Shanghai China Composite Index was up 1.90%
AMGN - Amgen agreed to buy ONXX (+5.58%) for $10.4 billion or
$125 per share.
RSH - Student discounts expected to aid back-to-school sales
QIHU - The Chinese internet company reported a 372% increase in
Q2 profit from $7 million for the same quarter last year.
MRVL - Company requests reduction in jury award tied to Carnegie
Mellon patent infringement case.
CNH - CFO Pablo Di Si has announced his resignation with CFO
Massimiliano Chiara will assume the lead of both Fiat International
ALVR - Court-appointed receiver has asked the district court of
Tel Aviv to approve its sale to Valley Telekom.
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