Stock market rises as Syria strike waits for vote
NEW YORK — The stock market is rising on the first trading day since President Barack Obama announced that he would seek congressional approval for a military strike against Syria.
The Dow Jones industrial average was up 23 points, or 0.2 percent, to 14,833 shortly before noon Eastern Daylight Time Tuesday.
The Standard & Poor’s 500 index rose eight points, or 0.5 percent, to 1,641. The Nasdaq composite rose 27 points, or 0.8 percent, to 3,617.
Many expected Obama to order strikes immediately and independently of Congress, but on Saturday he said that he would put a vote before lawmakers when they return from summer recess.
Microsoft fell $2.04, or 6 percent, to $31.36 after the company said it would buy Nokia’s smartphone business and a portfolio of patents.
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94