Chief Market Analyst For SwingTraderOnline
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Stocks rise as Syria conflict looks less likely
Stocks rose and oil prices fell Tuesday as the risk that the U.S. would attack Syria appeared to fade. The Standard & Poor's 500 index had its sixth straight gain, the longest winning streak since July. Stocks set new highs in early August, but worries over Syria have pushed them lower since then. Even though Syria isn't a big oil producer, the possibility of a wider conflict in the region drove oil prices to two-year highs last week. On Tuesday, investors were relieved that Syria accepted a proposal to put its chemical weapons under international control for dismantling. The possibility that the crisis between the ... (full story)