Business

Snapshot: Worries over Syria pare day’s early gains

Advertisement

The market logged modest gains, though worries about a US-led attack on Syria dampened an early rally. Stocks surged in the opening minutes as the odds of an imminent attack seemed slimmer after President Obama said he’d seek congressional approval. News that manufacturing expanded last month at the fastest pace since June 2011 helped. But much of the gain was lost as Congress’s top Republican said he supports Obama’s call for action. The Dow was also held back by Microsoft (down 4.6%) and Verizon (off 2.9%); both had announced major corporate deals. And investors are still fretting about when the Fed will cut its stimulus.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com