Tuesday 27 August 2013

INQUIRER.net: US stocks sink as West says ready to punish Syria

INQUIRER.net
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US stocks sink as West says ready to punish Syria
Aug 27th 2013, 23:41

NEW YORK CITY—US stocks plunged Tuesday as the West moved closer to punitive military action against Syria for its alleged use of chemical weapons in a devastating attack on civilians.   Warnings stepped up from the United States, France and Britain that Damascus would be held accountable for the August 21 attack, sparking market worries of a possible broader conflict.   At the closing bell, the Dow Jones Industrial Average was down 170.56 points (1.14 percent) at 14,775.90.   The broader S&P 500 index fell 26.30 (1.59 percent) to 1,630.48, while the tech-heavy Nasdaq Composite lost 79.05 (2.16 percent) at 3,578.52.    ...

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