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US stocks sag after Kerry remarks on Syria

U.S. stock futures are under pressure ahead new datexpected show thbusinesses eased back big-ticket purchases last month as well as

U.S. stock futures are under pressure ahead of new data expected to show that businesses eased back on big-ticket purchases last month, as well as a report Friday that revealed a drop-off in new home purchases. | AP Photo

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Updated: August 26, 2013 3:16PM



NEW YORK — The stock market is closing slightly lower after Secretary of State John Kerry ratcheted up pressure against Syria.

The Dow Jones industrial fell 64 points, or 0.4 percent, to 14,946 Monday.

The Standard & Poor’s 500 index fell six points, or 0.4 percent, to 1,656. The Nasdaq composite was down a fraction of a point at 3,657.

Stocks sagged in the last hour of trading after Kerry stepped up criticism of Syria, calling last week’s attack a “moral obscenity.”

Stocks started the day higher after a handful of corporate deals were announced.

Amgen surged after the biotech giant said it plans to buy Onyx Pharmaceuticals for $10.4 billion.

Three stocks fell for every two that rose on the New York Stock Exchange. Volume was very low at 2.4 billion shares.



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