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Easing tensions regarding Syria and Lawrence Summers's withdrawal of his candidacy for the next chair of the Federal Reserve led the S&P 500 to a five-week peak.

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Summers, Syria Raise Stocks

Easing tensions regarding Syria and Lawrence Summers’s withdrawal of his candidacy for the next chair of the Federal Reserve led the S&P 500 to a five-week peak.

Summers, Syria Raise Stocks (Bloomberg)

Easing tensions regarding Syria and Lawrence Summers’s withdrawal of his candidacy for the next chair of the Federal Reserve led the S&P 500 to a five-week peak. ??I don??t think the market knew what kind of a Fed chairman Summers would be, and having him out of the running makes things look a lot more certain,? Colleen Supran, a principal of Bingham, Osborn & Scarborough in San Francisco, said. ??This tapering announcement that??s expected for Wednesday seems to be accepted by the markets. It??s probably going to be modest.?

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archive

Summers, Syria Raise Stocks

Summers, Syria Raise Stocks (Bloomberg)

Easing tensions regarding Syria and Lawrence Summers’s withdrawal of his candidacy for the next chair of the Federal Reserve led the S&P 500 to a five-week peak. “I don’t think the market knew what kind of a Fed chairman Summers would be, and having him out of the running makes things look a lot more certain,” Colleen Supran, a principal of Bingham, Osborn & Scarborough in San Francisco, said. “This tapering announcement that’s expected for Wednesday seems to be accepted by the markets. It’s probably going to be modest.”

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