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The Boston Globe

Business

Stocks edge higher as Syria, oil worries linger

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Stocks edged up even as investors focused on the likelihood of a US-led attack on Syria. Energy stocks rose sharply as the price of oil increased to $110.10 a barrel, the highest since May 2011. Energy companies were the S&P 500’s big gainers. Still, the overall market trend has been down over the past couple of weeks. Fund managers said investors will have little reason to enter the market until after next week’s jobs report or until the Fed holds its mid-
September policy meeting. Before Syria grabbed headlines, the focus was on when the Fed will scale back its massive bond-buying program, which has kept interest rates extremely low.

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