Stocks Fall on Kerry’s Syria Comments; Student Loans Impacting Parents; Dollar Beats Yen, Euro Despite Disappointing Data

Daily Data Flow

Stocks Fall on Kerry’s Syria Comments (Bloomberg)

Stocks dropped today, with the S&P 500 erasing gains made earlier in the day, after Secretary of State John Kerry said President Obama will hold Syria’s government accountable for the “moral obscenity” of using chemical weapons. “If there’s going to be turmoil and then if there’s going to be some retaliation and affect U.S. assets, people get a little scared,” Frank Ingarra, head trader at Greenwich, Connecticut-based NorthCoast Asset Management LLC, said. “It’s a bit of a pullback so people are probably taking some risk off the table.”

Student Loans Impacting Parents (CNBC)

Parents pursuing higher education may face a double whammy on their student loans. For some Americans, this temporary problem may develop into a multigenerational effect because parents aren’t able to pay off the debt in their lifetime. However, some experts defend the debts, so long as the borrowers are responsible enough to pay them back. “The return on investment for a college education is very high and it is the best way for middle-aged Americans to get a good job,” said Molly Corbett of the American Council on Education. “I guess the best advice is to use your head when you are making loans and not to go over your head, to think about the job you’re trying to get and whether or not it is going to provide the income that will sustain your family and enable you to repay your loan.”

Dollar Beats Yen, Euro Despite Disappointing Data (Reuters)

The dollar rose against both the yen and the euro today on the news that last month’s U.S. durable goods data was weaker than expected. This data, pointing to a struggling economy, raised doubts as to when the Federal Reserve will begin to taper its stimulus. “While the (durable goods) data is a notoriously volatile indicator, it is difficult to sugar coat the dismal report,” said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

Exclusive  A Retail Rout and Recession
share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor