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26 Aug 2013
Wall Street closes down on weak US data and winds of war
FXstreet.com (San Francisco) - The US stocks market opened the week with negative note and closed Monday session with losses as risk aversion was fueled by the US plans to attack Syria and weak US Durable Goods July report.
Wall Street erased early gains following the Secretary Kerry speech about chemical weapons used by Damascus’s government. Bond yields rise on the weakest durable goods report in almost a year and the Gold rose above $1,400, first time since early June.
The Dow Jones declined 64.05 points or 0.43% to 14,946.46. The S&P 500 eased 6.72 points or 0.40% to finish the day at 1,656.78. And finally the Nasdaq lost 0.22 points or 0.01% to 3,657.57.
Wall Street erased early gains following the Secretary Kerry speech about chemical weapons used by Damascus’s government. Bond yields rise on the weakest durable goods report in almost a year and the Gold rose above $1,400, first time since early June.
The Dow Jones declined 64.05 points or 0.43% to 14,946.46. The S&P 500 eased 6.72 points or 0.40% to finish the day at 1,656.78. And finally the Nasdaq lost 0.22 points or 0.01% to 3,657.57.