Rising World Tensions Send Markets Lowerhttp://www.fool.com/investing/general/2013/08/27/rising-world-tensions-send-markets-lower.aspx Matt Thalman
August 27, 2013
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
As it seems inevitable that the U.S. will be involved in some sort of strike against Syria, investors are taking risk off the table and the markets in general are moving lower. As of 11:45 a.m. EDT, the Dow Jones Industrial Average (INDEX: ^DJI) is currently down 84 points or 0.57%, while the S&P 500 and Nasdaq fell even harder. The S&P is down 0.89% and the tech-heavy Nasdaq has lost 1.09% this morning.
The issues in Syria don't only highlight the problems Western European countries and the U.S. have with Syria, but also point out that other nations in the Middle East and Russia are opposing U.S. intervention in the Syrian conflict. As tensions rise in the Middle East, so do gas prices, and that has helped Dow components ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX), which are higher by 0.28% and 0.61%, respectively, so far today. Light c