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Wall Street posts worst day since June on Syria concerns

Wall Street stocks suffered Day (Tuesday) June worst day since, in broad geopolitical uncertainty slipped up more than a possible decline in the US-led West against Syrian President Bashar al-Assad's forces military strike .
S & P 500 index's recent momentum weak mark the first time since June 24 closed at its 100-day moving average line. One day in autumn, when the U.S. Federal Reserve will begin to slow down its loose monetary policy continued its recent decline uncertainty.
Odds grew that a strike would occur against al-Assad's forces for a chemical weapons attack against civilians as a number of nations and groups - including Britain, France, Canada and the Arab League - joined Washington in urging a firm response to Assad. Adding to the tension, Russia has supported Assad Syria's civil war.
Leo Grohowski said: "This (U.S.) This is as much a potential spillover effects in the region of potential, because it is an American strike," BNY Mellon Wealth Management chief investment officer, increased geopolitical risks, as it has been "gradually increased up," will need to be reassigned portfolio, away from high-risk investments, such as stocks.
"This, further weakness in the market has been sloppy reasons," he said.
Reflected in investor nervousness jumped more than 20% of the CBOE Volatility Index, VIX in the last two days. This uncertainty also boost gold's 15 weeks high.
Western alliance against al-Assad and the Syrian National League envoy in Istanbul between who attended the meeting said, "action to prevent further Assad regime earliest possible use of chemical weapons in the next few days.
Defense Secretary Chuck Hagel said US military forces in the region are "ready to go" should President Barack Obama order action against Syria.
About 80 percent of companies traded on both the New York Stock Exchange and Nasdaq fell, while all 10 S & P 500 sectors ended down.
Financial SPSY and materials is the weakest of the day, while a decrease of approximately 2.5%. These two groups are closely linked to economic growth, energy stocks. However, the group offset the loss of crude oil rose 2.8%.
Middle East oil supply may be interrupted, will not only provide support for commodities, and said: "This is a sector underperformed the market, valuations are compelling Grohowski, who helps oversee $ 17.5 billion of client assets in New York."
The Dow Jones industrial average fell 170.33 points, or 1.14 percent, at 14,776.13 points. Standard & Poor's 500 Index SPX was down 26.30 points, or 1.59 percent, at 1,630.48 points. The Nasdaq Composite Index IXIC fell 79.05 points, or 2.16 percent, at 3,578.52 points.
Standard & Poor's on Tuesday, June 20 marked the biggest one-day drop since. The Nasdaq Composite Index is down 2.9% in August, in May 2012 the worst month since put it on track.
Volume was light, about 618 million shares changing hands on the New York Stock Exchange, NASDAQ and NYSE MKT daily average of about 631 million shares, down from this year so far.
Goldman Sachs (GS.N: Quote) fell 3 percent to $ 153.23 after the source day after flooding computer failure caused the error option trading last week, said the company lost millions of dollars.
Shares of Tiffany & Co (TIF.N) dipped 1 percent to $ 80.82 after it reported second-quarter sales that missed expectations, although the jeweler raised its full-year profit view on strong results in China.
Goodyear Tire and Rubber Co (GT.O) rose 2 percent to $ 19.01 as the S & P's biggest gainer after the company detailed a new master labor contract.
US regulators have asked Nasdaq OMX Group (NDAQ.O) and NYSE Euronext (NYX.N) to come up with a timeline of Thursday's three-hour trading disruption. But the rival exchange operators have been unable to agree on the details, according to several sources familiar with the situation.
Shares of Nasdaq OMX fell 2.3 percent to $ 29.94 while NYSE Euronext fell 1.2 percent to $ 41.81.



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