war is good Possible Strike The report stoked concern that the U.S. could take military action in Syria even as President Barack Obama acknowledged domestic and international resistance to his call for a strike. One of the biggest hurdles to Obama’s efforts has been put up by Russian President Vladimir Putin. Equities started the day higher before falling as much as 0.9 percent to the lowest level of the day after Putin said at the Group of 20 summit that his country will assist Syria if strikes are launched. Putin is Assad’s most powerful ally. The S&P 500 recovered the losses by 11 a.m., turning higher as investors turned back to a Labor Department jobs report that eased concern about the size of potential Fed stimulus cuts. Employers added 169,000 workers last month, missing the median forecast of 180,000 in a Bloomberg survey of 96 economists. The unemployment rate unexpectedly fell to 7.3 percent as more people left the labor force.
Posted on: Fri, 06 Sep 2013 21:35:35 +0000
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