NEW YORK (AP) — Wall Street’s big investors are in wait-and-see mode.
There’s been plenty to give them pause this week: The stock market is down and oil is surging as the Syrian civil war escalates. Then there’s the lingering worry that the Federal Reserve will end its stimulus too soon.
The next few weeks promise more big headlines. The government releases its August jobs report and Washington ramps up for a debate on the debt ceiling. Syria is just the latest ingredient in an already volatile mix.
While the selling in stocks appears to have abated for the moment, the trend for the market has been down. The S&P 500 has lost 4.4 percent since reaching an all-time high on Aug. 2, while the Dow is down 5.3 percent.