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Stock market gains are checked by Syria concerns

9:11 AM, Sep 4, 2013   |    comments
A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
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NEW YORK, N.Y. -- Worries about a U.S.-led attack on Syria continue to weigh on stocks. They choked an early rally Tuesday.

The Dow did close 23.65 points higher after rising as much as 123 points at the start trading. Microsoft and Verizon also were a drag on the bluechip index, both slumping after announcing deals that investors didn't like. The 0.2 percent gain left the Dow just below 14,834.

The broader indexes had relatively stronger gains.

The S&P 500 rose 6.8 points, or 0.4 percent, to about 1,640. The Nasdaq composite added close to 23 points, or 0.6 percent, to 3,612.

Microsoft fell after saying it would buy Nokia's smartphone business. Verizon dropped after the company agreed to pay $130 billion for Vodafone's stake in Verizon Wireless.

More stocks rose than fell on the New York Stock Exchange. Volume was average at 3.4 billion shares.

Associated Press

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