Syria in Focus; Street Has Worst Month Since May 2012 (CRM, APA)
On Friday stocks turned lower once again as the US government mulled over the idea of an attack on Syria. Secretary of State John Kerry made statements that he supported US action and that the use of chemical weapons in Syria was an "inconceivable horror." Trading volume was weak on Friday ahead of the long holiday weekend and on the increased Middle East worries. Salesforce.com (CRM) surged today after raising its 2014 sales forecast and Apache Corp (APA) jumped as well on a deal to sell its business in Egypt.Consumer spending increased in July but only by 0.1%, making it the slowest growth since April.
Word on the Street
- Apple's (AAPL) trade-in program goes live today across the nation.
- John Kerry makes the case for Syrian action.
- India's economic growth is now the slowest since early 2009.
- Energy stock Apache (APA) and others rally on Friday with Egypt deal.
- Microsoft (MSFT) and Google (GOOG) team up to sue over NSA spying.
- Home Depot (HD) Hits a Homerun with Solid Second Quarter Earnings.
Published on Aug 30, 2013By InvestorGuide Staff