Wednesday, 28 August 2013

U.S.MARKET UPDATE

Wall Street stocks suffered their worst day since June on Tuesday, slumping in a broad decline as geopolitical uncertainty rose over a possible U.S.-led military strike by the West against Syrian President Bashar al-Assad's forces.


The S&P 500 closed under its 100-day moving average for the first time since June 24, a sign of weak near-term momentum. The day's fall extended recent declines on uncertainty over when the U.S. Federal Reserve will start to slow its stimulative monetary policies.

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