Stocks tumble on Syria uncertainty

by Blogburger on August 27, 2013

NEW YORK — The possibility of Western military action against the Syrian government hit equities worldwide on Tuesday, while boosting demand for safe-haven assets like the yen and gold. Wall Street fell for a second day, with the S&P 500 and Nasdaq off more than 1%, and a rise in US government debt prices suggested the flight to safety was gathering momentum. The 10-year Treasury note rose 9/32 in price, its yield easing to 2.75% from 2.79% late on Monday. “Concerns about the Syrian conflict have sparked a renewed flight to quality bid,” said William O’Donnell, head treasury strategist at RBS Securities in Stamford,… – International English News

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