Quantcast
Latest Stories

US stocks rise at hint of Syria deal



In this Tuesday, Aug. 27, 2013 photo, specialist Frank Masiello works at his post on the floor of the New York Stock Exchange. US stocks Monday, Sept. 9, 2013, rose helped by optimism that a military strike on Syria might be avoided. AP PHOTO/RICHARD DREW

NEW YORK CITY—US stocks Monday rose helped by optimism that a military strike on Syria might be avoided.

At the closing bell, the Dow Jones Industrial Average was up 138.85 (0.93 percent) to 15,061.35.

The broad-based S&P 500 increased 16.39 (0.99 percent) to 1,671.56., while the tech-rich Nasdaq Composite Index put on 46.17 (1.26) at 3,706.18.

Stocks opened higher Monday morning after strong Chinese export data suggested better times for the world’s second-biggest economy.

The rally was given further strength by a Russian proposal to put Syrian chemical weapons under international control.

The US reacted cautiously to the plan, which comes as President Obama faces a skeptical reception in Congress to plans to launch a military strike on Syria. Stocks moved higher at mid-day and stayed fairly high through the close.

“The market seems to be anticipating that a strike can be avoided and a deal can be worked out,” said Peter Cardillo, chief market economist at Rockwell Global Capital.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: close , stocks , US

  • Pinsan_ni_Mang_Kanor

    Stock broker above : Hello Assad, may I know your order please?
    Assad: I want 100,000 shares of Exxon Mobil, 200,000 shares of Conoco Philips, and 500,000 shares of Halliburton. We will gas our people again and I expect our American friends to threaten us with military action causing oil prices and stocks to rise.
    Stock broker : You are very clever Sir. Right away sir, bye bye



Copyright © 2014, .
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
Advertisement
Advertisement

News

  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • SMIC to issue P15-B bonds
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace