Sun, Sep 01, 2013 - Page 15 News List

Syria, Fed concerns weigh on US stocks

RETREAT:Following a series of record highs this year, the Dow Jones tanked nearly 700 points last month amid uncertainty over the Fed’s tapering and conflict in Syria

AFP, NEW YORK

The week culminates with the Friday report on last month’s jobs and unemployment, a key indicator for the Fed ahead of its monetary policy meeting on Sept. 17 and 18.

Analysts said the Syria crisis and Fed uncertainty will likely limit the upside to equities in the coming weeks, but the market’s medium-term prospects still look good.

Syria should not have a long-term impact on stocks “unless the conflict evolves into something much more expansive,” Levy said.

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