Sun, Sep 08, 2013 - Page 15 News List

US stocks rise despite Syria, jobs report

UNCERTAINTY:Disappointing job numbers last month may lead the Fed to delay plans to taper its bond-buying program, while the Syria threat remains, experts said

AFP, NEW YORK

“The market’s not as focused on it as I think it probably ought to be,” he said.

US congressional debate on Syria is expected to dominate next week’s news. The economic calendar is relatively light, with retail sales and inflation data for last month due on Friday.

The calendar also includes a meeting on Thursday with US Securities and Exchange Commission Chair Mary Jo White and leading exchanges in the wake of the Aug. 22 outage at NASDAQ Stock Market caused by a tech glitch.

Anthony Conroy, a trader at BNY Convergex Group, predicted the market would trade in a “tight range until we get more clarity on the Fed and more clarity on Syria.”

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