Wall Street Falls: Worst month since May 2012

Wall Street Falls, Heading for Worst Month Since May 2012

Reuters U.S. stocks dipped in weak volume on Friday, with the S&P 500 on track for its worst month since May 2012 as investors held off making large bets before a long weekend with the situation in Syria still uncertain.

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S&P 500 index ends worst month since May 2012

Reuters – 9 minutes ago

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• View PhotoTraders work on the floor of the New York Stock Exchange August 28, 2013. REUTERS/Brendan McDermid
• View PhotoTraders work on the floor of the New York Stock Exchange August 28, 2013. REUTERS/Brendan McDermid

NEW YORK (Reuters) - U.S. stocks fell in a thinly traded session on Friday, with the S&P 500 index recording its steepest monthly drop since May 2012 as investors held off making large bets before a long weekend with the situation in Syria still uncertain.

The Dow Jones industrial average <.dji> was down 30.87 points, or 0.21 percent, at 14,810.08. The Standard & Poor's 500 Index <.spx> was down 5.27 points, or 0.32 percent, at 1,632.90. The Nasdaq Composite Index <.ixic> was down 30.44 points, or 0.84 percent, at 3,589.87.
For the week, the Dow fell 1.3 percent, the S&P 500 lost 1.8 percent and the Nasdaq declined 1.9 percent.
For the month, the Dow fell 4.4 percent, the S&P 500 was down 3.1 percent and the Nasdaq was off 1 percent.
(Reporting by Angela Moon; Editing by Kenneth Barry)

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Wall Street Falls, Heading for Worst Month Since May 2012

 

However, this may also be very temporary depending upon what happens next in Syria regarding the U.S. (or it could be World War II all over again in Syria and the middle east) or it could be world war III). It's hard to know how all this will turn out at this point. However, if I were to guess, Syria won't do anything but complain if we strike there along with France's support.  However, what Iran and Russia will do is what I wonder about. So, hopefully the 14,000 range is a temporary departure from the 15,000 range in the U.S. stock market this fall.