Syrian Concerns Weigh on Futures

Stocks are falling today on concerns about a potential war against Syria.

S&P 500 futures declined half a percent but have been trying to rebound from their lows of the session. Europe is down by more than 1 percent, and most Asian markets declined as well. The perceived risk is driving up precious metals and oil by more than 1 percent.

Equities were positive yesterday before Secretary of State John Kerry cited “undeniable” evidence that Damascus had used chemical weapons against rebels. The statement hints that the United States desires to escalate a conflict that’s been contained for more than two years. It’s the first political event to threaten the rally in stocks since worries about Cyprus in March.

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