Stock Market Watch

Stocks End Lower on Syria Worries; Post Losses for the Month

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Stocks ended lower in trading on Friday as market sentiment was weighed down by concerns over a possible U.S. military intervention in Syria. The Dow Jones and the S&P 500 posted their worst monthly losses since May 2012.

The Dow Jones ended the day 0.21% lower at 14,810.31, the S&P 500 ended the day 0.32% lower at 1,632.97, and the Nasdaq ended the day 0.84% lower at 3,589.87.

For the week, the Dow Jones fell 1.33%, the S&P 500 fell 1.84%, and the Nasdaq fell 1.86%. For the month of August, the Dow Jones fell 4.58%, the S&P 500 fell 3.14%, and the Nasdaq fell 0.74%.

All sectors in the S&P 500 except Consumer Non-Cyclical ended in red on Friday. Industrials, Consumer Cyclical, and Technology were the worst performers in the S&P 500. All three sectors ended 0.75% lower.

Among the major movers on Friday were Salesforce.com Inc. (NYSE: CRM), which ended the day 12.55% higher at $49.13, OmniVision Technologies Inc. (NASDAQ: OVTI), which ended the day 16.08% lower at $15.45, and Krispy Kreme Doughnuts (NYSE: KKD), which ended the day 15.11% lower at $19.72.

On the economic front, the final reading on Thomson Reuters/University of Michigan’s consumer sentiment index for August came in at 82.1, down from 85.1 in July. A report from the Commerce Department showed that consumer spending rose 0.1% in July. Finally, a report from the Institute for Supply Management-Chicago showed that business activity in the Midwest rose to 53 in August from 52.3 in July.

European markets ended mostly lower on Friday, with the FTSE 100 Index in London closing 1.08% lower, and the CAC 40 Index in Paris closing 1.32% lower. Asian markets ended on a mixed note overnight, with the Nikkei 225 Index in Japan closing 0.53% lower, and the Hang Seng Index in Hong Kong closing 0.12% higher.








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.

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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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