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Wall Street collapses amid potential US action in Syria

FXstreet.com (San Francisco) – The US stocks market closed sharply lower on Tuesday as concerns over an imminent US military action in Syria fueled the risk aversion. Rumors say that the action could be done as soon as this week.

The Dow ended the day around 2-month lows, the Nasdaq performed its worst day in 2013, the gold rose 1.66% and the Oil jumped 2.74% to August highs.

The Dow Jones declined 170.33 points or 1.14% to finish the day at 14,776.13. The S&P 500 eased 26.30 points or 1.59% to 1,630.48. And the Nasdaq Composite collapsed 79.05 points or …read more