real-time news and commentary for investors
Friday, Sep 6
Stocks end flat after volatile session but solidly higher for the week
- Stocks recovered from whipsaw trading in the morning to finish little changed, as investor focus shifted back to the Fed after a weak jobs report.
- Stocks plunged after Russia's Putin reportedly said he would continue arms aid to Syria even if the U.S. attacks, but they rebounded as investors realized this was not really anything new since Russia and Syria have been allies for years.
- Buying in 10-year Treasurys pushed the yield down to 2.936%, after expectations of a strong jobs report had sent yields past 3% during earlier global trading for the first time since July 2011.
- Middle East uncertainty pushed Nymex crude oil 2% higher to settle at $110.53, the highest close since May 2011.