Syria, Stimulus Sink Stocks

Syria, Stimulus Sink Stocks (Bloomberg)

Concern over Syria and the tapering of the Federal Reserve’s stimulus snapped a seven-session success streak for the S&P 500. “It shouldn’t be too surprising to see a modest pullback after the strong moves we’ve seen so far this month,” Ryan Larson, the Chicago-based head of U.S. equity trading at RBC Global Asset Management (U.S.) Inc., said. “With data light over the next several sessions, potential headlines regarding Syria and the much anticipated FOMC meeting next week will garner much of the attention.”