US stocks sag following Kerry remarks on Syria

Associated Press
In this Aug. 19, 2013, photo, stock traders work at the Goldman Sachs post at the New York Stock Exchange in New York. U.S. stock futures were mixed on data showing that businesses cut back sharply on big-ticket purchases last month. The report from the Commerce Department Monday, Aug. 26, 2013, followed a report Friday revealing that new home sales tumbled last month. (AP Photo/Mark Lennihan)
.

View photo

In this Aug. 19, 2013, photo, stock traders work at the Goldman Sachs post at the New York Stock Exchange in New York. U.S. stock futures were mixed on data showing that businesses cut back sharply on big-ticket purchases last month. The report from the Commerce Department Monday, Aug. 26, 2013, followed a report Friday revealing that new home sales tumbled last month. (AP Photo/Mark Lennihan)

NEW YORK (AP) — The stock market is closing slightly lower after Secretary of State John Kerry ratcheted up pressure against Syria.

The Dow Jones industrial fell 64 points, or 0.4 percent, to 14,946 Monday.

The Standard & Poor's 500 index fell six points, or 0.4 percent, to 1,656. The Nasdaq composite was down a fraction of a point at 3,657.

Stocks sagged in the last hour of trading after Kerry stepped up criticism of Syria, calling last week's attack a "moral obscenity."

Stocks started the day higher after a handful of corporate deals were announced.

Amgen surged after the biotech giant said it plans to buy Onyx Pharmaceuticals for $10.4 billion.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was very low at 2.4 billion shares.

View Comments (1)