Stocks Rise as Syria Fears Diminish (Bloomberg)
Stocks rose as relieved investors reacted to the decreasing possibility of a major military strike against Syria, boosting the S&P 500 to a four-week peak. “We’re not out of the woods on news from Syria yet, but for the time being the market has digested the decision to delay action,” Russell Croft, a Croft-Leominster Inc. fund manager in Baltimore, said. “Right now all eyes are on next week’s Fed meeting, that’ll be the big driver in the market with a few data points between now and then.”
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