Snapshot: Tension over Syria pulls down the market


The stock market sagged after the Obama administration ratcheted up the pressure on Syria. Secretary of State John Kerry said there was undeniable evidence of a large chemical weapons attack in Syria last week and suggested the administration was edging closer to a military response. Stephen J. Carl, head equity trader at Williams Capital, said the market was drifting until Kerry’s televised talk jolted stocks. But corporate deals helped give the market a lift early on. Amgen (up 7.7%) is buying Onyx Pharmaceuticals (up 5.6%) for $10.4 billion. And TMS International (up 12.3%) is being sold to members of the Pritzker family.

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