December 11, 2013
Wall Street falls as nations back firm response to Syria
US stocks dropped on rising geopolitical tensions over the possibility of a military strike against Syrian President Bashar al-Assad's forces for a chemical weapons attack against civilians.
A number of nations and groups, including Britain, France, Canada and the Arab League, joined the United States in urging a firm response to Assad's government and said the world shouldn't stand by as chemical weapons are used.
The Dow Jones industrial average fell 135.06 points or 0.9 percent, to 14,811.4, the S&P 500 lost 20.83 points or 1.26 percent, to 1,635.95 and the Nasdaq Composite dropped 65.469 points or 1.79 percent, to 3,592.102.
European stocks similarly dropped on Tuesday as unease about the threat of a US-led military strike against Syria prompted some investors to cash in on recent strong gains.
The pan-European FTSEurofirst 300 index of top European shares ended down 1.7 percent at 1,202.36 points, trimming its gains since the start of July to 4.4 percent.
The euro zone's blue-chip Euro STOXX 50 index closed down 2.6 percent, its biggest daily drop since June, leaving it at 2,749.27 points, its lowest level in a month.
Volume on the Euro STOXX 50 was the highest since Aug. 16 as 66.7 million shares were traded, 15 percent more than the index's 90-day average.
Asian shares also saw a downward trend. The benchmark Nikkei shed 0.7 percent to 13,542.37 and the broader Topix dropped 0.5 percent to 1,134.02, with 1.71 billion shares changing hands, the third-lowest this year.